3/7/2018

*FKLI Jul 18*

Previous Close: 1671 -25.5

Foreign fund returned as net seller, push down FKLI to erase its previous strong gains.Weakness in foreign markets also weighed down the market. US stock market rebounded and close with a small gain, FKLI may test rebound 1st, but be cautious as trade war tensions still overshadow the market.

Daily chart formed a bearish candle yesterday, break below previous high of 1655 to trigger further sell signal, while hourly chart testing 50% of Fibo retracement around 1680, yet no confirm rebound signal.

*Classic Support & Resistance*
Resistance: 1684 1703
Support: 1655 1635

*Recommend Trading Plan for the day:*
1. Look for buy signal above 1677.
2. Look for sell signal if break below 1655.

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

Disclaimer: Idea sharing only, trade at your own risk.

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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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