Tag Archives: Futures Kuala Lumpur Index

Malaysia Futures Market Review: FKLI

There’s no doubt that it was a strong market rally for quite sometimes. For the past 3 days, we can observe that the stock market drop due to having healthy correction to its uptrend. Will the correction continue tomorrow? The probability is not that high as it’s already drop to the level where it’s great time for trader to initiate ‘LONG’ position.

MalaysiaFuturesMarket

Last Friday 21st Jan 2011 market closing at 1543 after dropping 24.5pts. Previously, many analysts and financial experts hope that the correction can drag the index towards the 1550 – 1540 levels as it will help to garner enough strength to break through the 1600 level. So, I think it’s time for the index hit next target which is breaking through the 1600 level.

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Market Outlook for FKLI

The FKLI is consolidating around the 1570 level this week and it will separate the bulls and bears, with 1565 and 1575 as next major breakout point next week. So, it’s not encouraged for those who plan to have ‘SHORT’ position for long-term. In the other words, it’s also not advisable for those who plan to initiate ‘LONG’ position at this moment unless you want to take a risky step.

FKLImarketoutlook

However, if you still unconscious then you can try to take risk by initiating ‘LONG’ position as I am in the positive view that the current market will not be easy to initiate short position. No matter what, once you initiate your ‘LONG’ position then you should remain holding the position and riding on the trend.

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