Archive for the ‘fkli trading tips’ Tag

Trading Tips for the Day – 24 July 2014

FKLI will likely open a little lower, for the first trade today, one can attempt to Long 1-3 points below the opening price.  Try get 5-7 points profit and put a stop 5 points way from your entry point.  Close your position by the end of the day.

FCPO price continued to erode as there were no positive leads and prices at Dalian and CBOT also continued lower.  RSI is almost in oversold territory and any rebound is an opportunity to Short.  Technicals – trend down ; RSI 25.08 ( oversold ) ; stochastic oversold ; parabolic SAR at 2308 ; support 2220 / 2200 / 2135 ; resistance 2300 / 2345 / 2400.

Trading Tips for the Day – 23 July 2014

FKLI will likely open higher today, for the first trade today, one can attempt to Long 1-3 points below the opening price.  Try get 5-7 points profit and put a stop 5 points away from your entry point.  Close your position by the end of the day.

FCPO continued to weaken due to weakness in Soyoil in CBT and China Dahlian futures.  A break from congestion area is negative, and price will be very likely be attracted to the next level of 2200.  Technicals – trend down ; RSI 27.69 ( oversold ) ; parabolic SAR at 2323 ; support 2265 / 2200 / 2135 ; resistance 2345 / 2400 / 2435.

Trading Tips for the Day – 22 July 2014

FKLI will most likely open a few points lower, for the first trade today, one can attempt to Long at around 1858-1860.  Try get 5 – 7 points profit and put a stop 5 points away from your entry point.  Close your position by the end of the day.

FCPO price was still range bound yesterday due to lack of fresh leads.  It is very likely price will trade within the 2280 – 2330 range and any price break out of this range with volume will see a major move

Trading Tips for the Day – 21 July 2014

FKLI will likely open a few points higher, for the first trade today, one can attempt to Long 1-3 points below the opening price.  Try get 5-7 points profit and put a stop 5 points away from your entry point.  Close your position by the end of the trading day.

For FCPO, prices corrected a little last week from an oversold position.  Price is  now consolidated between 2280 – 2330.  Any breakout from these level with volume could see the next major move.

Trading Tips for the Day – 18 July 2014

FKLI will likely open a few points lower, for the first trade today, one can attempt to Short 0-2 points above the opening price.  Try get 5-7 points profit and put a stop 5 points away from your entry point.  Close your position by the end of the day.

FCPO prices continued to erode as Ringgit firmed up, higher seasonal production and slow demand came into play.  Technically, prices are still bearish, and we may see price goes down to 2200 in the coming days.  Support at 2265 / 2200 /  2135 while resistance is at 2345 / 2400 / 2435 / 2510.

Trading Tips for the Day – 17 July 2014

FKLI will likely open a few points higher, for the first trade today, one can attempt to Long 1-3 points below the opening price.  Try gt 5-7 points profit and put a stop 5 points away from your entry point.  Close your position by the end of the day.

Trading Tips for the Day – 16 July 2014

FKLI will likely open higher following a more than 100 points up closing on Friday and a flat market yesterday.  For the first trade today, one can attempt to Long 1-3 points below the opening price.  Try get 5-7 points profit and put a stop 5 points away from your entry point.  Close your position by the end of the trading day.

Trading Tips and Market Report for the Day – 11 July 2014

FKLI will likely point to a lower opening as Dow Jones closed in the red last night following negative sentiments that is creeping into the markets of late.  Bank Negara also changed it’s borrowing rate by pushing it up 25 basis point, so that may have a negative effect on some speculative stocks today.  For the first trade, one can attempt to Short 1-3 points above the opening price.  Try get 5-7 points profit and put a stop 5 points away from the entry point.  Close your position by the end of the day.

At the FCPO front, the markets recovered in yesterday’s afternoon trading after the release of the MPOB June data.  With the Ramadhan holidays coming, production is expected to be lower and that will push price further up in the coming days if the export pace is maintained.  Today’s support 2350 / 2300 / 2265 and resistance 2400 / 2435 / 2510 / 2550.

 

 

FCPO Report for the Day – 10 July 2014

Technically, FCPO indicators have turned around yesterday and are now pointing down.  Continued weakness in CBT soyoil is also putting a lot of pressure to FCPO price, while the continuing strengthening of Ringgit is also not helping.

Today support 2360 / 2300 / 2265 while resistance 2435 / 2510 / 2550 / 2630.  Watch out for the MPOB June production figures that may cap the downside though.

 

Trading Tips for the Day – 10 July 2014

FKLI will open a few points higher, for the first trade today, one can attempt to Long 1-3 points below the opening price.  Try get 5-7 points profit and put a stop 5 points away from your entry point.  Close your position by the end of the day.

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