Those who long FKLI if it go below 1713.5 beware ,cos it may go to 1707.5. if it move up around 5.5hr will have a TC point. Correction coming based on macd day chart. All I talk about was base on Spot mth only , any way May movement also base on CI .OK try to read may chart .Today MY low was just at it short term support and it main support at 1700.4 ,for me mean FKLI still move at it safe zone , to be safe May FKLI must be able to hold above today high. From intraday chart of spot mth it close was just at it main support of 1707.7 , 30min chart since 4.30pm was 3 time touching this point then move to north again so mean if it not able to 1707.7 go south will really go to 1702 the auto support ,4.30pm was also the TC point .
next trading day spotmth have to be above 1711.5 then to be say safe , if it go above 1714 .5 say to be healthy . When FKLI open at 1713 not willing to move above 1714 and above to trap trader to short. Well I follow what the chart said , as long as it price still at it support , if the price go below the support then the story turn ,but my TAS didn't look that nice .
Chart shows weaknesses, but it still going up , strange. My view on FKLI ,If open go north 1778 may have resistance , then 1836. if go below 1749 1740.5 will have support , next support 1729.
Monday, April 29, 2013
