FKLI Updates

29 Nov - KLCI Index Breakdown to 6 months LOW.

InvestorsDoctor
Publish date: Wed, 29 Nov 2017, 09:08 AM
Here we update timely info about FKLI

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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.
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