FKLI Updates
Daily Futures Commentaries: [FKLI Malaysia Index] 21/8/2018 - Set to retest 1800 level as tracking strength of global stock market
InvestorsDoctor
Publish date: Tue, 21 Aug 2018, 08:33 AM
InvestorsDoctor
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Here we update timely info about FKLI
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21/8/2018
*FKLI Aug 18*
Previous Close: 1791.5 +12
FKLI ended higher at above 1790 as tracking gains in key foreign stock market, but be cautious of foreign fund withdrawal. US stock market raised near 90pts last night, FKLI likely to continue test resistance.
Daily & hourly charts showed FKLI testing rebound in a consolidation stage and there is an upside gap at around 1800.
*Classic Support & Resistance*
Resistance: 1799.5 1810.5
Support: 1777 1766
*Recommend Trading Plan for the day:*
1. Buy 1794, stop 1790, profit 1798/1802.
*FKLI Margin Requirement*
Overnight MYR 4000
Spread MYR 500
Disclaimer: Idea sharing only, trade at your own risk.
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