FKLI Updates
Daily Futures Commentaries: [FKLI Malaysia Index] 23/8/2018 - Return of foreign fund buying pushed index to 1800, trend more to bullish
InvestorsDoctor
Publish date: Thu, 23 Aug 2018, 08:32 AM
InvestorsDoctor
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Here we update timely info about FKLI
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23/8/2018
*FKLI Aug 18*
Previous Close: 1800 +8.5
FKLI closed at more than 1 week high at 1800 before the holiday as supported by return of foreign fund buying and as tracking strength in regional market. US stock market ended with mixed signals these 2 days, FKLI likely to sustain its rebound stage.
Daily & hourly charts showed FKLI already close its upside gap at around 1800 and trend is more to bullish as technical indicators crossing up.
*Classic Support & Resistance*
Resistance: 1810.5 1821.5
Support: 1787 1777
*Recommend Trading Plan for the day:*
1. Buy 1801, stop 1798, profit 1804/1807.
*FKLI Margin Requirement*
Overnight MYR 4000
Spread MYR 500
Disclaimer: Idea sharing only, trade at your own risk.
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