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Malaysia Futures Trading FKLI 60 minute Chart By Tokan Corner : As  the chart and Andrew Pitchfork show. The FKLI has stopped below mid line of Andrew resistance line.

SMA 10 and SMA 25 showing an attempt to make “Buy” Signal but it maybe false alarm due to the jitter on Dow Jones tonight. Wise ways is wait for confirmation 1^st.

On the other hand Slow Stoch also showing and upward pattern and will going upper but based on Wild Friday and Plus Bads news from S&P.

The Goods news is the MACD has performed “ Golden Cross” on 1514 zone area.

Wise think to do is to see on HK and Japanese share market 1^st eithers the downgrade have a knee jerk effect or not… Look 1^st the decide… don’t jump to early…. OK ^_^

Ok lets go back to the chart, any changes will show us some hints on tomorrow. If the markets can broke down 1533 - 1543  it might be a bullish horde again to charge 1550+ -1600 area. If not get ready for a rollercoaster. :p ( 1501 – 1513 Buy On Dip )

60 MINUTE CHART FOR COMPARED WITH 30MINUTE CHART... HOPE U CAN DETECT SOMETHING ON THAT :p

1^st resistance is at current close that is 1526,

2^nd resistance is at 1533

3^rd resistance is at 1543 ( Last Wall )

If open below upper line go fo long and pls prepare your TS. Make it handy

Read more of my article regarding trading on Monday 08 Aug 2011-08-08

·         Bursa Malaysia FKLI Futures Trading Pivot Review For 8 Aug 2011

·         What Happens If the US Debt is Downgraded?

·         Breaking News : S&P downgrades US credit rating from AAA to AA+