ZLBT Chats

Friday, April 23, 2010

FKLI @2.30pm >>> UP or DOWN?

The FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) futures on Bursa Malaysia Derivatives were lower at mid-day following a weak cash market.

April 2010 fell five points to 1,342, May 2010 shed 4.5 points to 1,341 while June 2010 and September 2010 were four points lower with both at 1,340.

Turnover was at 2,210 and open interest amounted to 21,130.

The benchmark FBM KLCI declined 1.08 points to 1,335.93 as at noon break.


Monitor the FKLI Intraday Falling Triangle like how you monitor the Bollinger Bands
The volume should INCREASES as triangular space DECREASES
ZL no confirmation yet but will attempt an entry definitely by 4.30pm today

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