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FKLI Updates

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

 

Daily Futures Commentaries: [FKLI Malaysia Index] 14/3/2019 - Continue to test rebound, watch out for Fibo level

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14/3/2019

 
*FKLI Mar 19*
 
Previous Close: 1677 +18
 
FKLI rose for 2nd session as tracking strength in foreign market, but remain cautious as foreign fund in net sell. US stock market up for near 150pts last night, FKLI slightly gap up at 1679. Today watch out for Msia industrial production & retail sales on 12pm. 
 
Hourly chart showed FKLI to test for rebound from low of 1656, may test 38.2-61.8 Fibo retracement level to high of 1729.5, the price level seen at around 1684/1693/1701.5.
 
*Classic Support & Resistance* 
Resistance: 1690 1698.5
Support: 1667.5 1656
 
*Recommend Trading Plan for the day*
1. Buy 1681, stop 1678, profit 1684/1687/1690.
 
*FKLI Margin Requirement* 
Overnight MYR 4000
Spread MYR 500
 
Disclaimer: Idea sharing only, trade at your own risk.
 
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