FKLI Updates

Daily Futures Commentaries: [FKLI Malaysia Index] 9/10/2018 - Selling pressure still in the market, upside for FKLI likely to be limited

InvestorsDoctor
Publish date: Tue, 09 Oct 2018, 08:45 AM
Here we update timely info about FKLI

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9/10/2018

 
*FKLI Oct 18*
 
Previous Close: 1772.5 -3
 
FKLI closed lower yesterday as pressured by foreign fund selling and global market selloff after China market resume. US stock market rebounded near 40pts last night but DJI futures fell more than 40pts, upside likely limited for FKLI.
 
Hourly chart showed FKLI rebounded from RSI oversold but still below middle line of BB, close below 1764.5 to trigger further downside.
 
 *Classic Support & Resistance* 
Resistance: 1784 1807.5
Support: 1764.5 1740
 
 *Recommend Trading Plan for the day:*
1. Look for sell signal below 1764.5
 
 *FKLI Margin Requirement* 
Overnight MYR 4000
Spread MYR 500
 
Disclaimer: Idea sharing only, trade at your own risk.
 
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Discussions
1 person likes this. Showing 2 of 2 comments

Jeffrey Yee

Would pushing below the 1764.5 key support line completes a head & shoulder reversal to see a major down trend? Thnx, Jeff.

2018-10-09 22:07

jeffng570

haha..talk alone here

2018-10-10 11:01

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