16/10/2017
FKLI Oct 17
Yesterday Close: 1757 +0
US market up around 30pts last Friday, while Malaysia market traded in only tight range 1760 and 1754 for Tuesday and Friday. The market is lack of momentum and remain trendless.
Hourly chart show price move in sideway, waiting for breakout.
Factors to watch for Malaysia this week:
1. Unemployment rate Aug 17, 12PM, Tuesday 17 Oct
2. Inflation rate Sep 17, 12PM, Friday 20 Oct
Price Level to monitor today:
Resistance: 1761 1766
Support: 1752 1745
Recommend Trading Plan for the day:
1. Buy 1750-1755 with stop at 1749 or
2. Sell 1760-1765 with stop at 1767
FKLI Margin Requirement (per lot)
Intraday MYR2000
Overnight MYR4000
Spread MYR500
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