FKLI Updates

Daily Futures Commentaries: [FKLI Malaysia Index] 23/1/2019 - Retest 1700 level, wait for confirmation

InvestorsDoctor
Publish date: Wed, 23 Jan 2019, 08:46 AM
Here we update timely info about FKLI

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23/1/2019

 
*FKLI Jan 19*
 
Previous Close: 1699 +8.5
 
FKLI retest 1700 level yesterday as Msia stock market boosted by last minute buying, wait for confirmation. US stock market reversed its gains with more than 300pts losses, FKLI may gap down and test support.
 
Hourly chart showed FKLI testing break resistance in a sideway range with RSI approaching overbought, watch out for 1700 level resistance.
 
 *Classic Support & Resistance* 
Resistance: 1713 1729
Support: 1684 1664
 
 *Recommend Trading Plan for the day:*
1. Look for buy signal above 1703
 
 *FKLI Margin Requirement* 
Overnight MYR 4000
Spread MYR 500
 
Disclaimer: Idea sharing only, trade at your own risk.
 
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