Bursa KLOFFE is still very uncertain after the huge gap down this morning due to the DJIA drop yesterday. The plan now is to stay clear until it drop below 1122 support (short) or breakup today’s high @ 1130 level (long). Seems like volume is low, no demand in the market. Everyone is at the [...]

KLOFFE is seen to be going sideway now. It has tested the low @ 1133.5 - 1138 repeatedly but failed to break through. It is still supported at this level. The activity is low which indicated there’s no demand to push further on the up side either. Therefore it is better to stay out the [...]

A retracement has occurred after open HIGH and drop in the morning. At this moment, the price could either support @ 1135. If it break through this support then it will go further to approx 1122 level.
I’ll stay out in the volatility and trade when the market condition is more stable.

Bursa KLOFFE encountered great resistance @ 1135 - 1137. Revise your STOP LOSS to 1130. The RSI indicated that it is already in the “Over Bought” area. The price movement has reduced it’s up trend momentum. A retracement will be inevitable around this resistance level.
I’ve closed my long position @ 1134 and ready to short [...]

KLOFFE has tried to test 1125 level but there’re still plenty of supply at lower level. Hold long position as long as it does not retrace back to 1122 level. Also look out for the reversal sign (high volume Doji).