FKLI Updates
Daily Futures Commentaries: [FKLI Malaysia Index] 2/10/2018 - In sideway, wait for breakout
InvestorsDoctor
Publish date: Tue, 02 Oct 2018, 08:34 AM
InvestorsDoctor
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Here we update timely info about FKLI
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2/10/2018
*FKLI Oct 18*
Previous Close: 1798.5 +3.5
FKLI again closed in tight range yesterday, unable to sustain above 1800 despite foreign fund buying and strong gains in DJI. US stock market sustained its gains last night, FKLI likely to retest 1800.
Hourly chart showed FKLI traded in a tight range 1788-1806, wait for breakout.
*Classic Support & Resistance*
Resistance: 1806 1814.5
Support: 1788 1778
*Recommend Trading Plan for the day:*
1. If expect 1788 support to hold, buy 1792 or below, stop 1787, profit 1797/1802.
*FKLI Margin Requirement*
Overnight MYR 4000
Spread MYR 500
Disclaimer: Idea sharing only, trade at your own risk.
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