Highlights

FKLI Updates

Author: InvestorsDoctor   |   Latest post: Fri, 22 Mar 2019, 8:38 AM

 

Daily Futures Commentaries: [FKLI Malaysia Index] 13/3/2019 - Testing rebound, close above 1680 to trigger more upside

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13/3/2019

*FKLI Mar 19*

Previous Close: 1659 +12

FKLI edged higher yesterday as tracking strength in foreign market. US stock market down for near 100pts last night, FKLI may test support 1st.

Hourly chart formed a technical rebound from RSI oversold, close above 1680 to trigger more upside.

*Classic Support & Resistance*
Resistance: 1679.5 1690
Support: 1656 1642

*Recommend Trading Plan for the day*
1. Sell 1668, stop 1672, profit 1664/1660.
2. Buy 1675, stop 1671, profit 1679/1683.

*FKLI Margin Requirement*
Overnight MYR 4000
Spread MYR 500

Disclaimer: Idea sharing only, trade at your own risk.

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