FKLI Updates
Daily Futures Commentaries: [FKLI Malaysia Index] 8/8/2018 - Strong gains yesterday, will it return to 1800?
InvestorsDoctor
Publish date: Wed, 08 Aug 2018, 08:39 AM
InvestorsDoctor
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Here we update timely info about FKLI
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8/8/2018
*FKLI Aug 18*
Previous Close: 1791 +18
FKLI gained strongly yesterday to above 1790 on the back of foreign fund buying and bullish performance of foreign markets. US stock market up more than 120pts last night, FKLI may gap up and test 1800 level 1st.
Hourly chart showed FKLI closed above 1787, formed higher highs & lows to trigger more upside ahead, but be cautious of potential RSI bearish divergence.
*Classic Support & Resistance*
Resistance: 1796.5 1809
Support: 1770 1756
*Recommend Trading Plan for the day:*
1. Buy 1793, stop 1788, profit 1798/1803.
*FKLI Margin Requirement*
Overnight MYR 4000
Spread MYR 500
Disclaimer: Idea sharing only, trade at your own risk.
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