FKLI Updates

Daily Futures Commentaries: [FKLI Malaysia Index] 10/7/2018 - Will strong rebound in US stock market lift up FKLI?

InvestorsDoctor
Publish date: Tue, 10 Jul 2018, 08:41 AM
Here we update timely info about FKLI

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10/7/2018

*FKLI Jul 18*
 
Previous Close: 1672 +5.5
 
FKLI closed at above 1670 as tracking gains in global market, but be cautious as foreign fund remains as net seller. US stock market strongly rebound for more than 300pts, expect FKLI to gap up today and test resistance.
 
Daily & hourly charts show FKLI within range, wait for breakout.
 
 *Classic Support & Resistance*
Resistance: 1780.5 1794.5
Support: 1655 1630
 
 *Recommend Trading Plan for the day:*
1. Buy 1675, stop 1670, profit 1680/1685.
2. Look for sell signal if break below 1665.
 
 *FKLI Margin Requirement*
Intraday MYR 2000
Overnight MYR 4000
Spread MYR 500
 
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