FKLI Updates

Daily Futures Commentaries: [FKLI Malaysia Index] 17/10/2018 - US stock market strongly rebounded more than 500pts, FKLI likely test rebound

InvestorsDoctor
Publish date: Wed, 17 Oct 2018, 08:45 AM
Here we update timely info about FKLI

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17/10/2018

 
*FKLI Oct 18*
 
Previous Close: 1736 +7.5
 
FKLI closed higher to retest previous high yesterday as tracking global stock market recovery despite that there is no return of foreign fund buying yet. US stock market rebounded strongly for more than 500pts ;ast night, FKLI likely to gap up and continue rebound. 
 
Hourly chart showed FKLI to sustain above middle line of BB, close above 1738 to trigger further rebound signal.
 
 *Classic Support & Resistance* 
Resistance: 1751.5 1779
Support: 1722 1712 1696
 
 *Recommend Trading Plan for the day:*
1. Buy 1739, stop 1732, profit 1746/1753.
 
 *FKLI Margin Requirement* 
Overnight MYR 4000
Spread MYR 500
 
Disclaimer: Idea sharing only, trade at your own risk.
 
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Discussions
Be the first to like this. Showing 1 of 1 comments

newbie13

Good day Sir, does it mean if FKLI drops below 1738 then indicates FKLI failed to sustain and further trigger the rebound?

2018-10-17 09:40

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