FKLI Updates

Daily Futures Commentaries: [FKLI Malaysia Index] 29/10/2018 - US fell near 300pts, Msia likely to gap down again

InvestorsDoctor
Publish date: Mon, 29 Oct 2018, 08:44 AM
InvestorsDoctor
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Here we update timely info about FKLI

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29/10/2018

*FKLI Oct 18*

Previous Close: 1675 -20.5

Please be noted that Oct 18 contract will be expired on this Wed (31/10), traders may choose to trade Nov 18 contract. FKLI experienced a sharp fall on last Friday as pressured by global market selloff and foreign fund selling. US stock market fell near 300pts on last Friday but futures testing rebound this morning, FKLI likely to gap down and test rebound 1st.

Hourly chart showed candles below middle line of BB, more to bearish, close below 1665.5 to trigger further sell signal, but watch out for RSI bullish divergence may support index in short term.

*Classic Support & Resistance*
Resistance: 1696 1713
Support: 1665.5 1655

*Recommend Trading Plan for the day:*
1. Sell 1674, stop 1678, profit 1670/1666.
2. Look for sell signal below 1665.5 previous low.

*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 6 of 6 comments

Bapaklangkau

https://klse.i3investor.com/blogs/bapaklangkau/179865.jsp
Support at 1,658 this Friday may go even lower!

2018-10-29 08:51

hstha

Global stocks are up today. Korea, japan, australia, new zealand,

2018-10-29 09:07

lazycat

klci is rigged , good luck

2018-10-29 09:20

Bapaklangkau

Klci is hoing Holland in 5 days, safe flight

2018-10-29 09:29

shareking1

Where the writer, Malaysia fbmklci today no gap down?

2018-10-29 22:34

shareking1

Me all in buy fbmklci put warrants, hope klse indexes can drop four hundreds point or more, will be good profit for me.

2018-10-30 07:53

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