FKLI Updates

Daily Futures Commentaries: [FKLI Malaysia Index] 24/7/2018 - Retest 1768 previous high?

InvestorsDoctor
Publish date: Tue, 24 Jul 2018, 08:42 AM
Here we update timely info about FKLI

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24/7/2018

*FKLI Jul 18*

Previous Close: 1760.5 +1.5

Please be noted that Jul 18 contract will be expired by next Tuesday (31/7), traders may choose to trade Aug 18 contract. FKLI rebounded from early losses and closed positively as supported by late buying and recovery of foreign market. However, be cautious of foreign fund net selling. US stock market mostly unchanged yesterday.

Hourly chart showed FKLI required to close above 1768 to trigger further rebound signal, waiting confirmation.

*Classic Support & Resistance*
Resistance: 1768 1796.5
Support: 1740 1713

*Recommend Trading Plan for the day:*
1. Look for buy signal above 1768.
2. If price retrace 1st, look for buy signal below 1755, stop 1746 below yesterday low, profit set at risk reward ratio greater than 1:1.

*FKLI Margin Requirement*
Overnight MYR 4000
Spread MYR 500

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

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