FKLI Updates
12 Oct - FKLI Trading Below Fibonacci 61.8%, Expect Further Selling below 1754
InvestorsDoctor
Publish date: Thu, 12 Oct 2017, 09:02 AM
InvestorsDoctor
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Here we update timely info about FKLI
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12/10/2017
FKLI Oct 17
Yesterday Close: 1757.5 -2
US market up 42.21 yesterday, the global market sentiment remain bullish, FKLI is likely to open high but FKLI remains lack of buying power (as refer to DAILY RSI),FKLI is likely to test the previous low 1752. The overall trend is expect to be sideway and bias to the down side.
Based on Fibo analysis, hourly FKLI retraced from 61.8 level (1762), if today trading break 1754 yesterday low, this will trigger sell signal as our trading plan.
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: 1766 1772
Support: 1752 1745
Recommend Trading Plan for the day:
1. Sell lower low at 1753.5 with stop at 1760 or
2. Buy 1752 or below with stop at 1744.5 on expectation that support will hold.
FKLI Margin Requirement (per lot)
Intraday MYR2000
Overnight MYR4000
Spread MYR500
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More articles on FKLI Updates
Daily Futures Commentaries: [FKLI Malaysia Index] 30/12/2019 - 1595 or 1620 wait for breakout
Created by InvestorsDoctor | Dec 30, 2019
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