FKLI Updates

19 Oct - FKLI Potential of Open High, But Overall Trend in Bearish.

InvestorsDoctor
Publish date: Thu, 19 Oct 2017, 08:50 AM
Here we update timely info about FKLI

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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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