27/10/2017
FKLI Oct 17
Yesterday Close: 1734.5 +3
Malaysia Futures index closed around 5 months low at 1734.5 yesterday, price have no signaled to rebound. Market awaiting budget 2018 to be announce in the afternoon today, FKLI expect to be sideway for the day.
Based on hourly chart, price trading in tight range yesterday. Trader can use Bollinger Band for trading the range while band is squeezing.
Price Level to monitor today:
Resistance: 1742.5 1748
Support: 1732 1729
Recommend Trading Plan for the day:
Trader can trade the range: Buy 1733.5 Stop 1732, TP 1736.5
Sell 1740 Stop 1743, TP 1734
FKLI Margin Requirement (per lot)
Intraday MYR2000
Overnight MYR4000
Spread MYR500
Event To watch:
Budget Malaysia 2018
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Created by InvestorsDoctor | Dec 30, 2019