28th January 2014
FKLI
Up to the time of this writting , US market is not open yet. Europe market is slightly green due to positive earnings and asean currency rout slowdown.
Awaiting FOMC 28th & 29th meeting outcome , this is important, to access the effects of our new Auntie Yellen decisions.
Chart shows that FKLI is dropping fast. maybe too fast. due to ringgit depreciating and funds outflow ( fleeing)
After the gap down from 1786 (38.2% fibionachi) support, the charts seems abit oversold. RSI is dropping to 30 line and ADX showing a possible technical rebound tomorrow. MACD is no reversal signs yet.
Personally i would not suggest any LONG just yet. The force is too strong. We go with the market, not against it. I would not long until the index is over the 50ma line, which is 1820.
Happy Chinese New year.
Mercilez168
FKLI
Up to the time of this writting , US market is not open yet. Europe market is slightly green due to positive earnings and asean currency rout slowdown.
Awaiting FOMC 28th & 29th meeting outcome , this is important, to access the effects of our new Auntie Yellen decisions.
Chart shows that FKLI is dropping fast. maybe too fast. due to ringgit depreciating and funds outflow ( fleeing)
After the gap down from 1786 (38.2% fibionachi) support, the charts seems abit oversold. RSI is dropping to 30 line and ADX showing a possible technical rebound tomorrow. MACD is no reversal signs yet.
Personally i would not suggest any LONG just yet. The force is too strong. We go with the market, not against it. I would not long until the index is over the 50ma line, which is 1820.
Happy Chinese New year.
Mercilez168
