FKLI Updates

Daily Futures Commentaries: [FKLI Malaysia Index] 19/4/2019 - Hit 2019 new low, more to bearish, but watch out for potential technical rebound

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Publish date: Fri, 19 Apr 2019, 08:34 AM
Here we update timely info about FKLI

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19/4/2019
 
FKLI Apr 19
 
Previous Close:  1619 -3
 
FKLI hit 2019 new low below 1610 level but reversed before closing. US stock market up more than 100pts last night, FKLI may gap up and test rebound.
 
Daily chart formed a dragonfly doji which is also outside of BB, close above 1621 yesterday high may trigger rebound, also watch out for RSI bullish divergence.
 
Classic Support & Resistance 
Resistance: 1632.5 1640.5
Support: 1610 1600
 
Recommend Trading Plan for the day
1. Look for sell signal below 1609.5
2. Buy 1622 for technical rebound, stop 1619, profit 1625/1628/1631
 
FKLI Margin Requirement 
Overnight  MYR 4000
Spread       MYR 500
 
Disclaimer: Idea sharing only, trade at your own risk.
 
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