FKLI Updates

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


Daily Futures Commentaries: [FKLI Malaysia Index] 26/3/2019 - Lower low, more to bearish but watch out for RSI oversold rebound

Author:   |    Publish date:


*FKLI Mar 19*
Previous Close: 1645 -8
Please be noted that Mar 19 contract will be expired by this Friday 29 Mar, traders may choose to trade Apr 19. FKLI marked its 4 days of losses in a row as tracking weakness in foreign market. However, US stock market rebounded slightly last night, FKLI may test to rebound 1st. 
Daily chart formed a doji yesterday, signaled a weakening momentum while hourly chart in RSI oversold, may trigger a short term technical rebound.
*Classic Support & Resistance* 
Resistance: 1652 1659.5 1669.5
Support: 1640 1631.5 
*Recommend Trading Plan for the day*
1. If expect FKLI to follow rebound in US market, buy 1646, stop 1642, profit 1650/1654.
2. Sell 1639, stop 1642, profit 1636/1633.
*FKLI Margin Requirement* 
Overnight MYR 4000
Spread MYR 500
Disclaimer: Idea sharing only, trade at your own risk.
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