Thursday, May 22, 2014

Trading Tips for the Day - 22 May 2014

FKLI will open a few points higher as Dow Jones closed more than 150 points up.  I noticed a divergence forming, so for the first trade today, one can attempt to Short 3-4 points above the opening price.  Try take profit 5-7 points away and put a stop 5 points away from your entry point.  Close your position by the end of the trading day.
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2 comments:

  1. AndyMay 23, 2014 at 7:55 PM

    Any idea why KLSE trend is not following majority of world market?

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  2. jasonkuMay 23, 2014 at 7:58 PM

    Chart wise there seem to be a divergence that has formed a few days ago, and a correction has already started...not sure whats the fundamental cause but technically, i can see a small correction

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