FKLI Updates

[KLCI Futures] - Sign of Rebound, but Bull Remain Uncertain

InvestorsDoctor
Publish date: Wed, 14 Feb 2018, 08:44 AM
InvestorsDoctor
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Here we update timely info about FKLI

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Following Message
14/2/2018
 
FKLI Feb 18
 
Previous Close: 1824.5 -3
 
 
FKLI closed with slightly lower yesterday, traded at discount compare to KLCI stock market, as investors book profit ahead of long weekend and concerns over market uncertainty after global sell off recently. US stock market pull back from losses and foreign fund is net buyer yesterday, later FKLI may 1st test 1830 level.
 
Today watch out for Msia current account and GDP Q4 at 12pm. Both daily & hourly chart show a technical rebound signal to test upside gap, with daily still below middle of BB, wait it close above 1840 to trigger further buy signal.
 
 Price Level to monitor today: 
Resistance : 1835.5 1840 1851.5 
Support : 1817.5 1806 1786.5
 
 Recommend Trading Plan for the day: 
1. Sell 1824, stop 1830, profit 1818.
2. If index retrace 1st, buy 1823 or below, stop 1817, profit 6pts or above.
 
 FKLI Margin Requirement 
Intraday     MYR 2000
Overnight  MYR 4000
Spread       MYR 500
 
Disclaimer: Idea for sharing purpose, trade at your own risk.
 
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Discussions
Be the first to like this. Showing 2 of 2 comments

Patron

risk 6 ticks to gain 6 ticks.. genius!

2018-02-14 13:50

InvestorsDoctor

Hi Patron, thank you for hightailing the important essence in our daily recommend trading plan. We are maintaining profitable track record because of maintaining this genius idea of risk reward ratio. Hope you are doing fine at your end. You are welcome to join our telegram and FB or coming course to trade profitable.

2018-02-14 14:12

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