09/11/2017
FKLI Nov 17
Previous Close: 1744.5 -8
Index erases its gain, close below 1750 yesterday, back to side way range. US market remains at record high. Watch out for Msia economic data today.
Hourly chart's double bottom signal fail, may retest support of 1732. Index yesterday show correction at RSI overbought zone and MACD crossing down, index may first test lower BB which is around 1739.
Msia Factors to Watch This Week
1. Retail Sales Sep, 12PM, 9 Nov
2. Industrial Production Sep, 12PM , 9 Nov
3. Construction Output Q3, 12PM, 9 Nov
4. Interest Decision, 3PM, 9 Nov
Price Level to monitor today:
Resistance: 1753
Support: 1740 1732
Recommend Trading Plan for the day:
1. range trading, sell 1748-1752, stop 1754, profit 1739-1742
2. range trading, buy 1733-1737, stop 1731, profit 1743-1746
FKLI Margin Requirement (per lot)
Intraday MYR2000
Overnight MYR4000
Spread MYR500