23/10/2017
FKLI Oct 17
Yesterday Close: 1736 -5.5
Malaysia index breaks another lower low, closed at lowest last week, trigger further sell signal, as index stocks lack of buying support, yet US stock market closed at another higher high, FKLI today may first open high and test rebound, with a break of 1736 last week low will confirm further sell signal.
Based on hourly chart Fibo analysis, MACD at negative zone and RSI at oversold zone, watch out for potential technical rebound. Fibo indicated next level at around 1734 and 1705.
Price Level to monitor today:
Resistance: 1743 1753
Support: 1734 1727
Recommend Trading Plan for the day:
1. Sell at lower low 1735.5 with stop at 1743.5, profit 1727.5
FKLI Margin Requirement (per lot)
Intraday MYR2000
Overnight MYR4000
Spread MYR500
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