ZLBT Chats

Sunday, October 10, 2010

MALAYSIA DERIVATIVES EXCHANGE >>> FBMKLCI Futures

CASH MARKET CREDENCE FOR FKLI
ZL's FKLI open positions >>> 1478.0 & 1478.5 LONG
Intraday target 1487.0; Positiona target 1500

The FBM KLCI, inconsistent as it may be throughout the week, still offers optimism albeit nothing much to shout about.
The daily yoyos are probably for the lack of a catalyst to sustain any extra gains. Hopefully this can be achieve during Budget Week.

FKLI recommendations
BUY ON WEAKNESS OR SUPPORT
(perferably during flurry sell or margin calls)

GOODLUCK2ALL

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