10/10/2017

FKLI Oct 17

Yesterday Close: 1763.5 +1.5

US closed with little changed yesterday, Malaysia continues its rebound with higher high & higher low, but if we look at daily RSI, market still lack of buying power.

Factors to watch for Malaysia this week:

1. Industrial production Aug 17, 12PM, Thursday 12 Oct

2. Retail Sales Aug 17, 12PM, Friday 13 Oct

Price Level to monitor today:

Resistance: 1772 1778

Support: 1758 1752

Recommend Trading Plan for the day:

1. 15mins chart buy at higher high at 1766 with stop at 1762.50.

Watch out movement of KLCI and whether FKLI able to sustain above 1761.5 (61.8 Fibo level). Above 1761.5 indicate bullish, below 1761.5 indicate correction.

FKLI Margin Requirement (per lot)

Intraday MYR2000

Overnight        MYR4000

Spread    MYR500

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