FKLI Updates

Daily Futures Commentaries: [FKLI Malaysia Index] 8/11/2018 - US rebound strongly more than 500pts, FKLI look for buy signal

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Publish date: Thu, 08 Nov 2018, 08:38 AM
Here we update timely info about FKLI

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8/11/2018

 
*FKLI Nov 18*
 
Previous Close: 1715.5 +11.5
 
FKLI sustained above 1700 level and closed higher than previous session after US midterm election results removed uncertainties. Today watch out for Msia interest rate decision on 3PM. US stock market rallied for more than 500pts last night, expect FKLI gap up and continue test rebound.
 
Hourly chart showed FKLI testing 61.8 Fibo retracement level from swing 1749.5-1665.5, close above previous high of 1723 to trigger more reboun signal.
 
 *Classic Support & Resistance* 
Resistance: 1731 1749.5
Support: 1701.5 1685.5
 
 *Recommend Trading Plan for the day:*
1. Buy 1718, stop 1713, profit 1723/1728.
 
 *FKLI Margin Requirement* 
Overnight MYR 4000
Spread MYR 500
 
Disclaimer: Idea sharing only, trade at your own risk.
 
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