19/10/2017
FKLI Oct 17
Yesterday Close: 1748.5 -8
US stock market break historical high these 2 days, FKLI likely open high and try to rebound. But, selling pressure take charge of local stock market as losers outnumber gainers.
Hourly chart analysis show lower high & low, broke support of 1752, expect further correction to test support around 1745. RSI show index in oversold zone, watch out for potential technical rebound.
Factors to watch for Malaysia this week:
1. Inflation rate Sep 17, 12PM, Friday 20 Oct
Price Level to monitor today:
Resistance: 1761 1766
Support: 1745 1735
Recommend Trading Plan for the day:
1. Buy below 1750 with stop at 1744
2. Sell 1755-1755 with stop at 1761
FKLI Margin Requirement (per lot)
Intraday MYR2000
Overnight MYR4000
Spread MYR500
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hstha
https://klse.i3investor.com/servlets/forum/600135599.jsp
2017-10-19 09:12