29/11/2017
FKLI Nov 17
Previous Close: 1710.5 -12.5
Index settled at lower low yesterday, with KLCI breaking new low, trend continue to more bearish, likely testing 1700-1705 support. US market up more than 250pts, FKLI may open high later. Traders may choose to trade Dec 17 contract as Nov 17 will be expired tomorrow.
Both daily & hourly chart show technical indicators edging down with lower highs & lows candles, expect to see limited upside for index.
Price Level to monitor today:
Resistance :1722 1728
Support :1705 1700
Recommend Trading Plan for the day:
1. Sell lower low 1709.5, stop 1714, profit 1705
2. If price go rebound 1st, sell 1717.5-1719.5, stop 1722.5, profit 3-5pts.
FKLI Margin Requirement
Intraday MYR 1750
Overnight MYR 3500
Spread MYR 500
Disclaimer: Idea for sharing purpose, trade at your own risk.