31/10/2017
FKLI Oct 17
Yesterday Close: 1747.5
Malaysia Futures traded in tight range yesterday, AS Dow closed 85 points low, FKLI opened expect to be trading sideway to down. In the 30 stocks components, MSC and PCHEM will be releasing quarter earnings on 2 Nov.
Based on hourly chart, price continue to trade below 1748. Please continue to monitor this price level if FKLI to make higher high. In addition, the overall trend remain sideway to down if price stay below 1748.
Price Level to monitor today:
Resistance: 1748.5
Support: 1743 & 1733
Recommend Trading Plan for the day:
Trader please start trading November contract.
1. Buy if price trade higher than 1748.5, stop at 1743, target profit 1754
2. Sell if price lower than 1742.5, stop at recent high, target 1 risk reward ratio
FKLI Margin Requirement (per lot)
Intraday MYR2000
Overnight MYR4000