FKLI Updates
Daily Futures Commentaries: [FKLI Malaysia Index] 16/10/2018 - US stock market failed to hold its gains, FKLI may enter range
InvestorsDoctor
Publish date: Tue, 16 Oct 2018, 08:48 AM
InvestorsDoctor
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Here we update timely info about FKLI
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16/10/2018
FKLI Oct 18
Previous Close: 1728.5 -4.5
FKLI unable to sustain above higher high and closed below 1730 for retracement. US stock market dropped near 90pts last night but futures up more than 60pts this morning, FKLI may test rebound 1st.
Daily chart's indicators still crossing down, no strong signal of rebound yet, while hourly chart in testing rebound.
Classic Support & Resistance
Resistance: 1751.5 1779
Support: 1712 1696
Recommend Trading Plan for the day:
1. Buy 1728 for technical rebound, stop 1724, profit 1732/1736.
2. Look for sell signal below 1722.
FKLI Margin Requirement
Overnight MYR 4000
Spread MYR 500
Disclaimer: Idea sharing only, trade at your own risk.
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