FKLI Updates

[KLCI Futures] - Room For Downside

InvestorsDoctor
Publish date: Thu, 15 Mar 2018, 09:18 AM
Here we update timely info about FKLI

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15/3/2018
 
FKLI Mar 18
 
Previous Close: 1860.5 -6
 
 
FKLI retreated from its previous gains yesterday as pressured by weak global stock market performance and net selling from foreign fund. Today watch out for Msia unemployment rate at 12pm. US stock market dropped for near 250pts overnight, later FKLI may gap down and test downside gap. 
 
Daily chart show a RSI divergence, be cautious of potential correction for FKLI. In hourly chart, FKLI entered a sideway to higher triangle pattern but technical indicators weakening, expects limited upside.
 
Price Level to monitor today: 
Resistance : 1866 1875
Support : 1852 1842
 
Recommend Trading Plan for the day: 
1. Sell 1856, stop 1862, profit 1850/1844.
 
FKLI Margin Requirement 
Intraday     MYR 2000
Overnight  MYR 4000
Spread       MYR 500
 
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