FKLI Updates

[KLCI Futures] - Price Breakup and Testing Previous High 1845

InvestorsDoctor
Publish date: Wed, 24 Jan 2018, 08:51 AM
Here we update timely info about FKLI

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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 
 
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