FKLI Updates

Daily Futures Commentaries: [FKLI Malaysia Index] 6/6/2018 - Close at higher high yet foreign fund remain as net seller!

InvestorsDoctor
Publish date: Wed, 06 Jun 2018, 08:51 AM
Here we update timely info about FKLI

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6/6/2018

*FKLI Jun 18*

Previous Close: 1757.5 +9

FKLI sustained above 1754.5 previous high as tracking gains in foreign markets, potentially to test close gap at around 1770, but foreign fund remains as net seller, may limit upside of rebound.

Daily chart formed the 1st breakout as closed above the high of gap down day at 1754.5, too rebound from RSI oversold zone.

*Classic Support & Resistance*
Resistance: 1771 1791 1809
Support: 1735 1713 1702

*Recommend Trading Plan for the day:*
1. Look for buy signal if break above 1760.
2. Look for sell signal if break below 1742.
3. Trade in range 1740-1760.

*FKLI Margin Requirement*
Intraday MYR 2000
Overnight MYR 4000
Spread MYR 500

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