Friday 17 April 2015

Indicator Y L2168 L1850.5 - FKLI Sell If Close Below 1837

Without taking into consideration on any unforeseen circumstances, the indicator Y long 1850.5 on FKLI will have to cut loss turn sell if the index futures is closed 1836.5 or lower at 515pm today. Otherwise, we will assume that the indicator Y long 1850.5 is still valid and will be holding on until next trading day in finding the stop and reverse trade signal.

The indicator Y long 2168 on FCPO is under tremendous pressure now as the stop and reverse sell trade signal is remained low while facing 40 points of floating loss at low 2128. We will probably get a clearer stop and reverse sell trade signal after 5pm.