FKLI Updates

[KLCI Futures] - Likely to Open Low

InvestorsDoctor
Publish date: Fri, 02 Mar 2018, 08:44 AM
Here we update timely info about FKLI

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2/3/2018
 
FKLI Mar 18
 
Previous Close: 1858 +4.5
 
 
FKLI gapped down after US fell near 400pts, but managed to rebound and closed near to 1860 level yesterday. Net sell foreign fund yesterday may limit upside of FKLI, plus US stock market down for more than 400pts again, FKLI today likely gap down and test support.
 
Hourly chart show candles are below middle line of BB, MACD below zero and RSI rebound from oversold but overall still declining, pointed more to a correction trend, FKLI may test to close immediate downside gap at 1850 follow by 1836.
 
Price Level to monitor today: 
Resistance : 1861.5 1873
Support : 1843.5 1836 1818
 
Recommend Trading Plan for the day: 
1. Sell 1855 or above, stop 1862, profit 7pts or above.
2. Look for buy signal if break above 1861.50.
 
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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