FKLI Updates
Daily Futures Commentaries: [FKLI Malaysia Index] 20/8/2018 - US recovered from trade war tension, will it support Malaysia to back to 1800?
InvestorsDoctor
Publish date: Mon, 20 Aug 2018, 08:33 AM
InvestorsDoctor
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Here we update timely info about FKLI
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20/8/2018
*FKLI Aug 18*
Previous Close: 1779.5 +3.5
FKLI entered a range on last Friday as market wait for more catalysts. Despite that foreign fund remains as net seller, but US stock market rebounded more than 100pts last week may add support to FKLI. Continue to watch out any new progess in global trade war.
Daily chart showed FKLI in a range but potentially more correction ahead as technical indicators crossing down.
*Classic Support & Resistance*
Resistance: 1787.5 1797.5 1810.5
Support: 1766 1740
*Recommend Trading Plan for the day:*
1. Look for buy signal above 1787.5.
2. Look for sell signal below 1766.
*FKLI Margin Requirement*
Overnight MYR 4000
Spread MYR 500
Disclaimer: Idea sharing only, trade at your own risk.
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