0/11/2017
FKLI Nov 17
Previous Close: 1743.5 -1
The double bottom failed have lead to further selling in FKLI, Index closed slight lower yesterday, after economic data released yesterday show below expectation. US stock market fell more than 100 pts yesterday, FKLI may open low later.
Hourly chart show both RSI & MACD falling, expect limited upside for FKLI.
Price Level to monitor today:
Resistance: 1748 1753
Support: 1740 1732
Recommend Trading Plan for the day:
1. range trading, sell 1747-1750, stop 1754, profit 1740-1744
2. range trading, buy 1733-1737, stop 1731, profit 1743-1746
FKLI Margin Requirement (per lot)
Intraday MYR2000
Overnight MYR4000
Spread MYR500
hstha
China’s producer prices were surprisingly strong in October, while consumer inflation picked up pace, suggesting economic momentum remained robust and easing market concerns of a slowdown in the world’s second largest economy.
http://www.reuters.com/article/emerging-markets/emerging-markets-emerging-stocks-flirt-with-6-yr-highs-czech-crown-leaps-idUSL8N1NF35C
2017-11-10 09:19