ZLBT Chats

Monday, March 21, 2011

Malaysia Derivatives Exchange >>> FBMKLCI Futures

Some optimism spotted;
Geopolitical events cap upside
 Last week technical rebound within expectations.
Week-on-week open positions has fallen due to the fact the rebound was lower volume based.
High volume + higher prices = bullish
Low volume + higher prices = profit taking
Low volume + lower prices = bearish

FKLI Recommendations
(for INTRADAY only)
SELL Above Middle Bollinger Band (Daily Chart)
Cutloss Above 1510
Intraday SELL Target 1494 > 1482

HAPPY TRADING & GOODLUCK2ALL

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