FKLI Updates
Daily Futures Commentaries: [FKLI Malaysia Index] 8/7/2019 - Technical correction from overbought, below 1680 for more downside
InvestorsDoctor
Publish date: Mon, 08 Jul 2019, 08:31 AM
InvestorsDoctor
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Here we update timely info about FKLI
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8/7/2019
*FKLI Jul 19*
Previous Close: 1684.5 -9.5
FKLI down to test 1680 level on last Friday as pressured by selling in index stocks, while US market retreated from historical high, may see some technical correction in short term.
Hourly chart showed FKLI entered into technical correction, close below 1680 to trigger more downside.
*Classic Support & Resistance*
Resistance: 1690 1700
Support: 1680 1670
*Recommend Trading Plan for the day*
1. Sell 1681, stop 1684, profit 1678/1675
*FKLI Margin Requirement*
Overnight MYR 4000
Spread MYR 500
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Keyman188
Today sure will break 1670
Maybe will rebound little bit but not much
2019-07-08 08:45