FKLI Updates
Daily Futures Commentaries: [FKLI Malaysia Index] 6/8/2018 - FKLI enters correction, required to close above 1787 to trigger rebound signal
InvestorsDoctor
Publish date: Mon, 06 Aug 2018, 08:45 AM
InvestorsDoctor
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Here we update timely info about FKLI
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6/8/2018
*FKLI Aug 18*
Previous Close: 1774.5 +3
FKLI closed with a small gain as supported by foreign fund buying and recovery of foreign stock markets. US stock market up for more than 130pts last Friday, FKLI may gap up and test rebound above 1780 level.
Hourly chart showed FKLI ia a correction, required to close above 1787 to trigger further rebound signal.
*Classic Support & Resistance*
Resistance: 1787 1796.5
Support: 1759.5 1740
*Recommend Trading Plan for the day:*
1. If expect for a rebound, buy 1777, stop 1773, profit 1781/1785.
*FKLI Margin Requirement*
Overnight MYR 4000
Spread MYR 500
Disclaimer: Idea sharing only, trade at your own risk.
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