FKLI Updates
Daily Futures Commentaries: [FKLI Malaysia Index] 13/12/2018 - US continue rebound, FKLI may gap up and retest previous high
InvestorsDoctor
Publish date: Thu, 13 Dec 2018, 08:41 AM
InvestorsDoctor
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Here we update timely info about FKLI
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13/12/2018
*FKLI Dec 18*
Previous Close: 1662.5 +14
FKLI rebounded for the 1st day as tracking gains in foreign market and supported by foreign fund buying. US stock market up near 60pts last night and index futures continue to raise 60pts this morning, FKLI may gap up and testing rebound. Watch out Msia retail sales data on 12pm today.
Hourly chart formed very long bullish divergence since Oct 18, trade with cautious if trigger any technical rebound signal. Break below yesterday low likely to close downside gap around 1650.
*Classic Support & Resistance*
Resistance: 1673.5 1692
Support: 1654.5 1647
*Recommend Trading Plan for the day:*
1. Look for buy signal above 1668.
2. If price retrace 1st, look for buy signal near yesterday low of 1654.5.
*FKLI Margin Requirement*
Overnight MYR 4000
Spread MYR 500
Disclaimer: Idea sharing only, trade at your own risk.
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More articles on FKLI Updates
Daily Futures Commentaries: [FKLI Malaysia Index] 30/12/2019 - 1595 or 1620 wait for breakout
Created by InvestorsDoctor | Dec 30, 2019
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