FKLI Updates
Daily Futures Commentaries: [FKLI Malaysia Index] 13/11/2018 - US fell more than 600pts, FKLi likely gap down and test previous low
InvestorsDoctor
Publish date: Tue, 13 Nov 2018, 08:40 AM
InvestorsDoctor
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Here we update timely info about FKLI
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13/11/2018
*FKLI Nov 18*
Previous Close: 1691 -18
FKLI closed below 1700 to its 2 week low as tracking weakness in foreign markets and as foreign fund selling. US stock market fell more than 600pts last night, expect FKLI to gap down and test support.
Hourly technical indicators crossing down and testing 38.2 Fibo retracement level, close below that level may retest previous low at around 1665.5.
*Classic Support & Resistance*
Resistance: 1709.5 1729
Support: 1679.5 1665.5
*Recommend Trading Plan for the day:*
1. Sell 1688, stop 1692, profit 1684/1680/1676.
*FKLI Margin Requirement*
Overnight MYR 4000
Spread MYR 500
Disclaimer: Idea sharing only, trade at your own risk.
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