Friday, October 16, 2009

20091016 1741 FKLI EOD Daily Chart Study. Bull Still Ruled !



After a jumping up and down without any clear direction in the morning session, FKLI finally decided to opened the afternoon session with a bold upward movement followed by supporting volume to reached and closed at a Malaysia Boleh new high at 1263 ! Daily charting indicators continue to vote for a upward movement market with strong momentum. Additional to that , the strong movement also falsified the previous possible MACD negative divergent formation. Europe market  also opened in positive tone. Hang Seng futures closed at a 73 points premium against its cash market.

When to Buy : Buy of dip with quick profit and stop loss.
When to Sell : Sell to take profit only.

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