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ilovewml

FKLI heading to bear cave?

Short
FTSE Bursa Malaysia KLCI Futures (MYX:FKLI1!)  
ilovewml Updated   
MYX:FKLI1!   FTSE Bursa Malaysia KLCI Futures
Trend Analysis
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0
trendanalysis
From trendline analysis, FKLI level still trading within downtrend line. No visible breakout is observed at the moment to break the bear spell.

Trading Plan:
Short: 1668 (2 points lower than 1670 physological level)
Target: 1655 ; 1640
Cut loss: 1680
Comment:
FKLI rebounded from 1670, heading to resistance 1703 level, so queue order not matched yet. But lets say FKLI unable to break above 1703 OR taking a false breakout, it would be a good opportunity to short.
Order cancelled
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