24/1/2018
FKLI Jan 18
Previous Close: 1840.5 +3
Please be noted FKLI Jan contract will be expired on next Tue 30 Jan. FKLI breakout from its tight range of 1839, testing 1840 level and previous high 1845.5. MYR continue to gain stronger and foreign fund is net buy also supported the index. Today watch out for Msia inflation rate Dec 17 at 12PM.
Daily chart show FKLI may enters a RSI overbought correction, with trend sideway to higher. In hourly chart, technical indicators show a rebound signal and traded above range of 1819.5-1839, expect to test previous high 1845.5.
Price Level to monitor today:
Resistance : 1845.5 1862
Support : 1832.5 1827
Recommend Trading Plan for the day:
1. If price retrace 1st, buy 1838 or below, stop 1832, profit 6pts.
2. Buy 1842, stop 1837, profit 1847/1852
3. Look for sell signal if unable to break 1845.5
FKLI Margin Requirement
Intraday MYR 1750
Overnight MYR 3500
Spread MYR 500
Disclaimer: Idea for sharing purpose, trade at your own