FKLI Updates

Daily Futures Commentaries: [FKLI Malaysia Index] 12/12/2018 - Volatile US trading session, expect FKLI to move in more volatility

InvestorsDoctor
Publish date: Wed, 12 Dec 2018, 08:39 AM
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Here we update timely info about FKLI

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12/12/2018

 
*FKLI Dec 18*
 
Previous Close: 1648.5 -13.5
 
FKLI hit its lowest since Jan 2017 after a continuous sell down in foreign market and retreat of foreign fund. US stock market was in a wild ride yesterday, ended with losses but rebound more than 100pts this morning after Canada grant bail for arrested Huawei CFO, FKLI may test for a rebound 1st. Today watch out for Msia industrial production on 12pm.
 
Hourly chart formed very long bullish divergence since Oct 18, trade with cautious if trigger any technical rebound signal. So far the trend is still bearish with lower highs & lows.
 
 *Classic Support & Resistance* 
Resistance: 1667 1692
Support: 1629 1606.5
 
 *Recommend Trading Plan for the day:*
1. If expect FKLI to track gains in DJI, Buy 1651, stop 1646, profit 1656/1661.
2. Sell 1646, stop 1651, profit 1641/1636.
 
 *FKLI Margin Requirement* 
Overnight MYR 4000
Spread MYR 500
 
Disclaimer: Idea sharing only, trade at your own risk.
 
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