FKLI Updates

[KLCI Futures] - Bullish Sentiment Remain Intact

InvestorsDoctor
Publish date: Fri, 05 Jan 2018, 09:05 AM
Here we update timely info about FKLI

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5/1/2018
 
 FKLI Jan 18
 
 Previous Close: 1813.5 +14
 
 
FKLI finished above 1810 level while KLCI above 1800, first time since 2015, supported by bullish global market sentiment and foreign fund buying. Today watch out for Msia balance of trade Nov 17 at 12pm.
 
Hourly chart formed higher highs & lows above 1800 and close at highest yesterday, signaled that buyers take charge of market. Technical indicators also more to bullish, testing RSI overbought.
 
 Price Level to monitor today: 
Resistance : 1827
Support : 1805.5 1797
 
 Recommend Trading Plan for the day: 
1. Buy higher high 1814, stop 1809, profit 5pts or above.
2. If retrace 1st, buy 1807 or below, stop 1802, 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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