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FTSE Bursa Malaysia KLCI Futures
Long

FKLI hourly has potential for a rebound after breakout to upside

By Richkierich
Updated
FKLI1! has some potential for a counter-trend reversal to the upside if it manages to break above the 1524 level or if it stays stead above this area.

Targeting 1,544.5 in the short term.

Trade closed manually
Closed manually 1534.5 as resistance started to pile in.

This doesn't mean the target 1544.5 is not achievable, because once the current 1538 area is broken, prices can still rally to 1544.5 next.

Always good to take a profit especially if trading counter-trend.
breakoutbursabursamalaysiaderivativesfbmklciFibonaccifkliklcireboundSupply and DemandSupport and Resistance
Richkierich

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