FKLI Updates

Daily Futures Commentaries: [FKLI Malaysia Index] 2/7/2018 - Foreign fund net buy for the 1st day!

InvestorsDoctor
Publish date: Mon, 02 Jul 2018, 08:50 AM
Here we update timely info about FKLI

To get more information on local and foreign futures markets, u can join us at telegram and Facebook.

Join link: https://t.me/investorsdoctoracademy

Facebook: https://m.facebook.com/investorsdoctoracademy/



2/7/2018

 
*FKLI Jul 18*
 
Previous Close: 1696.5 +29.5
 
Foreign fund net buy for the 1st day after continuous sell down, push up FKLI to test above 1700, failed to sustain but closed with sharp gains. US stock market up 50+pts lst week, plus Msia manufacturing PMI above expectation, FKLI likely to continue test rebound.
 
Daily chart formed a gap up strong bullish candle from RSI oversold, close above 1700 to trigger further buy signal.
 
 *Classic Support & Resistance*
Resistance: 1709.5 1730
Support: 1686.5 1664 1655
 
 *Recommend Trading Plan for the day:*
1. Buy 1698, stop 1694, profit 1702/1706.
2. Look for buy signal if break above previous high of 1701.
3. Look for sell signal if break below 1686.5.
 
 *FKLI Margin Requirement*
Intraday MYR 2000
Overnight MYR 4000
Spread MYR 500
 
Disclaimer: Idea sharing only, trade at your own risk.

Join our channels to find out more!
 
Telegram link: 
https://t.me/investorsdoctoracademy
 
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment