Friday 11 January 2013

FKLI Trading Strategies [14/01/2013]


By: Bullseye
11/01/2013
Topic:  FKLI Trading Strategies for 14/01/2013

Okay, today I will keep my information short, simple and clear cut, I’ve studied today’s FKLI market and with this I would like to provide you my analysis which I’ve calculated for tomorrow:

FKLI (JAN 2013)

We’ve seen our FKLI closed at 1683.5 today, with 1694.5 as the highest and 1681 as the lowest. Therefore I would advice to set the strategy as follow:

[click to enlarge]

Technical Chart Analysis
Through our chart, although the trend is still considered as upwards trend, but FKLI’s attempt has to do breakthrough from 100 days moving average has worsen, it seems that this retracement period is inevitable.

Strategy For 14/1/2013
The “Cooling Off” period seems to be prolonging and we would remain conservative towards the trend and we are looking forward to gain through a slight re-bounce from the supporting level of 1678 to 1672.5.
In conclusion, we would advise traders to long between 1678 to 1672.5 and take profit at resistance level of 1691.5 to 1699.5

Disclaimer: The information and analysis mentioned above are solely based on Invest ACE’s personal technical analysis with the aid of professional training, decades of experience and meticulous foresight; Invest ACE shall NOT be held liable for any losses (financially or otherwise) incurred by any parties relying on aforementioned analysis without prior professional consultation. Should you wish to find out more on how to invest wisely, do not hesitate to contact Invest ACE via investace126@gmail.com.

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