FKLI Updates

06 Dec - KLCI Futures Still Sluggish to Down

InvestorsDoctor
Publish date: Wed, 06 Dec 2017, 09:27 AM
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Following Message
06/12/2017
 
 FKLI Dec 17
 
 Previous Close: 1716.5 +6
 
 
Index rebounds near market closed yesterday, supported by late buying of index stocks especially Hong Leong. Overall trend remains in side way to lower. Watch out for today 12PM Msia balance of trade Oct 17.
 
Daily candles formed a piercing bullish reversal signal awaiting confirmation. Fibo analysis on hourly chart show index now testing 61.8% of current retracement. Range trading between 1704-1724, wait for further breakout. 
 
 Price Level to monitor today: 
Resistance :1724 1735
Support :1704.5 1693
 
 Recommend Trading Plan for the day: 
1. Buy 1712 or below, stop 1707, profit 5pts or above.
2. Sell 1720 or above, stop 1725, profit 5pts or above.
 
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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