By: Bullseye
22/03/2013
Topic: FKLI Trading Strategies for 22/03/2013
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 (APR 2013)
We’ve seen our FKLI closed at 1617.5 today, with 1626 as the highest and 1616 as the lowest. Therefore I would advice to set the strategy as follow:
Technical Chart Analysis
As we can see, the selling 'force' or pressure is still remain high as the Futures market seems to be so bleak, the difference between Cash Market and the Futures has the difference of up to 13 points. As such, with the rumours spreading that the dissolve of Malaysian Parliament may be tomorrow? (Some said was yesterday!), remaining oneself at the "short" position would be highly recommended
Strategy For 22/3/2013
InvestACE at this moment would remain confident that the 13th Malaysia's General Election would be coming very soon, perhaps in conjunction with the coming school holiday, irregardless of whether the dissolve of the parliament would be tomorrow or not, for those who are holding APRIL 2013's 'short' contract could remain calm, as for others who wants to jump into the last minute bandwagon, you may option to short it between 1630 to 1650.
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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