FKLI Updates

Daily Futures Commentaries: [FKLI Malaysia Index] 25/7/2019 - Below 1650, triggered more correction signal

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Publish date: Thu, 25 Jul 2019, 08:37 AM
Here we update timely info about FKLI

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25/7/2019
 
*FKLI Jul 19*
 
Previous Close:  1645.5 -13
 
FKLI fell sharply to below 1650 which is also more than 1 month low as dragged down by heavy selling in Petronas related stocks. 
 
4H chart showed index below 61.8 Fibo retracement level of swing 1573-1700, may test 38.2-50 level around 1621-1636, and be cautious as hourly chart in RSI oversold zone.
 
*Classic Support & Resistance* 
Resistance: 1664 1674
Support: 1633 1615
 
*Recommend Trading Plan for the day*
1. Sell 1645, stop 1648, profit 1642/1638
 
*FKLI Margin Requirement* 
Overnight  MYR 3000
Spread       MYR 500
 
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