FKLI for 28/6/12

O - 1593, H - 1604.5, L - 1591, C - 1604.5

Wow. Fkli closed up amazingly today. 

First of all, it was a great breakout at 92 level, as stated in my previous post for today's trade. And all the way up to 1600.5, however it didn't managed to break past 1601 resistance then. It was a good profit for those who long at breakout this morning with merely 7 points = RM 350 (@ 1599 buy back) gross profit in hand, before the futures price went down again to 1596 level.

And after lunch, it went all the way up again to 1604 another resistance level. All in all, it was really a good trade again for today, if one were to enter again after its resistance of 1598 was broken the second time and finally making another round of profit @ 1604 / 1604.5 perhaps. He he. I wouldn't suggest an overnight trade somehow.

So, in total would be about 7 + 5 points = 12 points x RM 50 = RM 600. A full day salary of RM 600. Really good money :P

Okay, let's get back to the numbers, for tomorrow's trade.

Resistance @ 1604 / 07 / 13. 

Support @ 1596 / 93 / 88 / 82.

Let's watch how it is like for tomorrow, as Felda Global Ventures Holding will be listing tomorrow. I somehow feel that FBMKLCI will be very strong tomorrow, as today it has climbed up and stayed slightly above 1600 psychological level at closing.

DJIA is @ positive zone now + 89.99 / + 0.72% @ 10:14pm. It might in a way help us as well of tomorrow's index.

Ha ha, it was the retailer who acted as the net buyers for yesterday's statistic. Local & foreign funds were the net sellers instead, no wonder the index didn't hold well. Imagine, it was just only small amount of selling from the big funds, and that could bring the index dropping, and what if the funds were to throw them all little by little from the huge amount that they have bought in since then? It will somehow looks pretty scary.....