17/10/2017
FKLI Oct 17
Yesterday Close: 1756.5 -0.5
US stock market up more than 85pts yesterday, FKLI today may open high, but selling pressure seen in both local stock & futures market on yesterday, given no sign of following global market sentiment.
Hourly chart show index still move in sideway, but break lower low and bounce back yesterday, watch out for further sell signal if index close below 1752.
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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