*FKLI* Week 49 – 2019

The weekly trend is bearish. MACDH form 5th bar above zero. Weekly ending at 1568. The market creates a new low later of the week. The weekly candle is showing a possible Star formation, we need another candle to confirm the pattern.

 





MA9 crossed down to MA16 on 26th November 2019, TKM v1.1 had triggered a Short entry on 27th November 2019 open price @ 1588, CutLoss at 1600 and first profit target at 1550.  The trailing stop is set at 1580 to protect profit.

Order status: Short Dec2019 @ 1588, Trailing Stop 1580.

 

FKLI Weekly Chart (Week 49 – 2019)

 

FKLI Daily Chart (Week 49 – 2019)



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