FKLI Updates
Daily Futures Commentaries: [FKLI Malaysia Index] 20/6/2019 - US continue rebound, bullish momentum likely to continue
InvestorsDoctor
Publish date: Thu, 20 Jun 2019, 08:35 AM
InvestorsDoctor
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Here we update timely info about FKLI
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20/6/2019
*FKLI Jun 19*
Previous Close: 1668.5 +21.5
FKLI recorded a strong rebound yesterday to test 1670 level as tracking strength in foreign market after US resume trade talk with China before G20 summit. US stock market up near 40pts last night, continue to hold its gains, likely to support FKLI.
4H chart showed index to test 61.8 Fibo retracement level of swing 1729.5-1573, which is around 1670, awaiting confirmation.
*Classic Support & Resistance*
Resistance: 1680 1695
Support: 1653 1633
*Recommend Trading Plan for the day*
1. Buy 1670, stop 1667, profit 1673/1676/1679
*FKLI Margin Requirement*
Overnight MYR 4000
Spread MYR 500
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