FKLI Updates

Daily Futures Commentaries: [FKLI Malaysia Index] 27/7/2018 - Higher highs & lows, sustain in rebound stage

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Publish date: Fri, 27 Jul 2018, 08:45 AM
Here we update timely info about FKLI

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27/7/2018

 
*FKLI Jul 18*
 
Previous Close: 1765 +2
 
Please be noted that Jul 18 contract will be expired by next Tuesday (31/7), traders may choose to trade Aug 18 contract. FKLI continued to sustain above 1760 level with slight gains, but be cautious of foreign fund net selling. US stock market up more than 110pts last night, FKLI may gap up and continue to test rebound.
 
Hourly chart showed weakening strength of rebound as unable to sustain above 1770 while technical indicators crossing down, be cautious of potential RSI bearish divergence, which may drag down index in short term.
 
 *Classic Support & Resistance*
Resistance: 1773 1796.5
Support: 1736.5 1713
 
 *Recommend Trading Plan for the day:*
1. Look for buy signal above 1773.
2. If price retrace 1st, buy 1760 or below, stop 1755, profit 1765/1770.
 
 *FKLI Margin Requirement*
Overnight MYR 4000
Spread MYR 500
 
Disclaimer: Idea sharing only, trade at your own risk.
 
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Discussions
Be the first to like this. Showing 2 of 2 comments

hstha

Facebook has plunged. That's why Nasdaq was bearish, but
PHLX Semiconductor INDEX WAS UP 1.87% YESTERDAY!

2018-07-27 08:53

hstha

Facebook insiders sold more stock than usual in the second quarter
https://www.cnbc.com/2018/07/26/facebook-insiders-sold-more-stock-than-usual-in-the-second-quarter.html

2018-07-27 08:55

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