FKLI Updates
26 Oct - KLSE Futures Still Bearish
InvestorsDoctor
Publish date: Thu, 26 Oct 2017, 08:26 AM
InvestorsDoctor
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Here we update timely info about FKLI
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26/10/2017
FKLI Oct 17
Yesterday Close: 1739.5 +3
Malaysia index hit 5 months low at 1732.5 yesterday, price have no signaled to rebound. Dow Jones Index another closed with down 112.30 points, the previous single day dropped with 100 points was 1 month ago. Trader please monitor Dow movement as no correction for almost a year. FKLI may continue to trade lower.
Based on hourly chart, price moving in series of lower high and lower low, the trend remain downward bias. Yesterday high 1748 was the 61.8% of the previous down swing. RSI has formed higher high and this indicate selling weakening. Price to trade higher then 1748 to confirm this bullish divergence set up.
Price Level to monitor today:
Resistance: 1748 1754
Support: 1729 1718.5
Recommend Trading Plan for the day:
1. Sell lower low 1732, stop 1742, profit 1722
FKLI Margin Requirement (per lot)
Intraday MYR2000
Overnight MYR4000
Spread MYR500
Event To watch:
Budget Malaysia 2018
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