FKLI Updates

[KLCI Futures] - Bull Sentiment, Cautious of short term Profit Taking

InvestorsDoctor
Publish date: Tue, 30 Jan 2018, 08:52 AM
Here we update timely info about FKLI

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30/1/2018
 
FKLI Feb 18
 
Previous Close: 1872 +15
 
 
FKLI closed higher yesterday, approaching historical high, boosted by strong MYR, global bullish sentiment and foreign fund buying. US stock market had a correction, later FKLI may have profit taking 1st before continue its bull rally.
 
Both daily chart & hourly chart show FKLI in bullish trend but also in RSI overbought, be cautious of profit taking. 
 
 Price Level to monitor today: 
Resistance : 1875 1885
Support : 1868 1862 1858
 
 Recommend Trading Plan for the day: 
1. Buy 1875, stop 1870, profit 1880/1885.
2. If price retrace 1st, buy 1868 or below, stop 1861, profit 7pts 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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