This is weekly chart, and it seems suggesting to buy.
However, the simple FA might differ from the price move.
Sunday, 12 January 2014
Saturday, 28 December 2013
On 27th Nov, i have posted about future movement on FKLI and currency.
Lets get the update of these two movement.
Hikkake pattern spotted as shown in the picture. It broke the low of the 1st inside bar already.
Expecting MYR to recover. If it strong, then it might close those 2 gaps.
Expecting next destination to ~1904..
Bullish engulfing spotted as in the highlight box. It followed by Bullish Hidden Divergence.
Previous FKLI chart, projecting the downside if only it break the neck, however, the bull continue to break higher and ignore the head and shoulder pattern.
Previous post. : http://www.klsepsp.com/2013/11/fkli-usdmyr-27112013-1pm.html