ZLBT Chats

Monday, December 13, 2010


FKLI at tailend of consolidation mode?
1500 key support seen sustainable
FKLI December (Spot) contract on Bursa Malaysia Derivatives closed at 1,513.50 on Friday with an open interest of 21,614 contracts.
The Moving Average Convergence Divergence indicator (MACD) has turned positive with the faster above the signal line. Both lines remain at the positive region. The daily Relative Strength Index closed at the neutral.The daily Commodity Channel Index finished at the neutral.
It pays to keep a close watch on the Exponential Moving Averages for the
Daily & Weekly charts.
Both are shown with short terms EMAs.

ZLBT Recommendations
When everyone wants to be a majority; you better stay a minority.
That's sincere advice.


No comments:

Post a Comment