As from the previous post, it indicate the Malaysia Futures (FKLI) has climbed to the peak of phase No 5 in Elliot Wave Theory. Thus it may entered into the "A" downhill trend for the moment and just waiting the FBM KLCI to have a correction after Bull Run for a several week and now maybe it was a little tired or "WEAK" temporarily. :P Check out the picture below... :)
60 minute : Malaysia Futures ( FKLI ) showing a breakdown on it current "UPTREND" channel and being backup nicely at 1580.50 point. But the Dow Jones ( current time when author was typing this message was at 11.50 PM Malaysia time ) it has surged about 150+ point regarding "FEAR" to PIIGS and Eurozone financial problems.
As on the chart if u can see i have highlighted retracement of finaboci at 61.8% at 1574.5 point. For me the support zone based on the chart on my point of view was at 1572-1574 point area.
As indicated the MACD is still going downtrend and Slow Stochastic still in "Bear" land.
Here is Tokan Pivot For Tomorrow:
Malaysia Futures ( FKLI ) Suggestion Spot : (+/-) 2 point will vary.
Magic Word : Long On DipBuy/Long : 1st = 1572.5
2nd = 1574.5
3rd = 1576
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