FKLI Updates

27 Oct - KLSE in Sideway, Trader Please Aware of Budget 2018 Announcement

InvestorsDoctor
Publish date: Fri, 27 Oct 2017, 09:08 AM
Here we update timely info about FKLI

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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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