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FKLI Updates

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

 

Daily Futures Commentaries: [FKLI Malaysia Index] 10/1/2019 - Move in range , watch out for bearish signal if close below 1670

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10/1/2019

 
*FKLI Jan 19*
 
Previous Close: 1673 -2.5
 
FKLI closed lower yesterday despite foreign market continue to rebound, as pressured by selling of index stocks. US stock market held its gains of nearly 100pts, likely to support FKLI.
 
Hourly chart showed FKLI move in range and failed to hold above 50% Fibo retracement level of swing 1749.5-1631.5. FKLi now testing 38.2 Fibo retracement level and move in BB channel.
 
 *Classic Support & Resistance* 
Resistance: 1690.5 1703
Support: 1664 1655.5
 
 *Recommend Trading Plan for the day:*
1. If expect FKLI to track strength in DJI, buy 1674, stop 1670, profit 1678/1682.
2. Sell 1670, stop 1674, profit 1666/1662.
 
 *FKLI Margin Requirement* 
Overnight MYR 4000
Spread MYR 500
 
Disclaimer: Idea sharing only, trade at your own risk.
 
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