FKLI Updates

25 Oct - KLCI Futures Expect to Move Sideway to Down

InvestorsDoctor
Publish date: Wed, 25 Oct 2017, 08:41 AM
Here we update timely info about FKLI

To get more information on local and foreign futures markets, u can join us at telegram and Facebook.

Join link: https://t.me/investorsdoctoracademy

Facebook: https://m.facebook.com/investorsdoctoracademy/
25/10/2017
 
FKLI Oct 17
 
Yesterday Close: 1736.5 -5

 

Malaysia index unable to sustain its rebound, price fall back from high of 1748 yesterday and closed below 1740, signaled that selling pressure remains in market. US breaks another record high yesterday, FKLI may open high and test rebound, with overall trend is sideway to down.
 
Based on hourly chart analysis, Index retraced from outside of upper BB and test lower BB. MACD in negative zone while RSI approaching oversold zone, may trigger a technical rebound but indicators tend to more bearish.
 
Price Level to monitor today:
Resistance:     1741 1748
Support:     1736 1727
 
Recommend Trading Plan for the day:
1. Sell lower low 1735.5, stop 1741.5, profit 1729.5
2. Buy below 1740 with tight stop loss at 1735.5, profit 1745, if expect previous low of 1736 can sustain.
 
FKLI Margin Requirement (per lot)
Intraday     MYR2000
Overnight   MYR4000
Spread       MYR500
 
To get more information on local and foreign futures markets, join us on telegram & Facebook.

 

Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment