27/6/2018

*FKLI Jun 18*

Previous Close: 1676.5 +1

Please be noted that Jun 18 contract will be expired end of this week, traders may choose to trade Jul 18. FKLI violated lower low during the session but managed to pull back and closed with gains as tracking recovery in foreign markets. US stock market up slightly around 30pts last night, FKLI may test rebound 1st. However, foreign fund remains as net seller.

Daily chart formed lower high & low, more to bearish, but watch out for potential technical rebound as RSI in oversold.

*Classic Support & Resistance*
Resistance: 1701.5 1730.5
Support: 1661 1646.5

*Recommend Trading Plan for the day:*
1. Look for buy signal above 1682.
2. Look for sell signal if break below 1663.5 yesterday low.

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

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Since 14th May 2018 (stock market reopened after 509 GE-14), FKLI Futures dropped nearly 200.5 points from high 1876.5 to recent low 1676!

Simple Calculation:
200.5 x RM 50 per index point = RM 10,025 (Potential Profit!)

Well, NOW is the time for you to understand more about FKLI Trading!

Come & Join us on 14th July 2018 from 2PM to 4PM at SI Academy.

IDA will discover together with You - What is FKLI............

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