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
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