By: Bullseye
10/01/2013
Topic: FKLI Trading Strategies for 11/01/2013
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 1689.5 today, with 1699.5 as the highest and 1686.5 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 do take note that FKLI has attempt to do a downward
breakthrough towards 100 days moving average.
Strategy
For 11/1/2013
InvestACE
has mentioned previously that ever since we had achieved a new high of 1705.5,
there for it would be a “cooling off” period which means it is doing a
“retracement” or consolidation which might head towards the support level
between 1684.5 to 1679.5.
In
conclusion, I would suggest traders to long at the supporting level of 1684.5
to 1679.5 and consider to take profit at resistance level of 1697 to 1704.
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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