Highlights

FKLI Updates

Author: InvestorsDoctor   |   Latest post: Fri, 17 May 2019, 8:46 AM

 

Daily Futures Commentaries: [FKLI Malaysia Index] 7/1/2019 - Strong rebound of US market likely to support FKLI

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7/1/2018

 
*FKLI Jan 19*
 
Previous Close: 1674 -7.5
 
FKLI closed lower on last Friday to test below 1680 level but US stock market formed a strong rebound with near 750pts of gains and more than 200pts surge in index futures this morning, FKLI likely to gap up and test previous high.
 
Hourly chart showed FKLI sustain above 50% Fibo retracement level of swing 1631.5-1703, close above 1700 to trigger more upside.
 
 *Classic Support & Resistance* 
Resistance: 1682.5 1696.5
Support: 1664 1654.5
 
 *Recommend Trading Plan for the day:*
1. Look for buy signal above 1682.5.
2. Look for sell signal below 1664.
 
 *FKLI Margin Requirement* 
Overnight MYR 4000
Spread MYR 500
 
Disclaimer: Idea sharing only, trade at your own risk.

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