FKLI Updates
Daily Futures Commentaries: [FKLI Malaysia Index] 16/8/2019 - May test rebound 1st, watch out for 1600 level
InvestorsDoctor
Publish date: Fri, 16 Aug 2019, 08:36 AM
InvestorsDoctor
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Here we update timely info about FKLI
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16/8/2019
*FKLI Aug 19*
Previous Close: 1586 -9
FKLI closed lower yesterday as pressured by weak foreign market, but managed to pull back some losses after a late buying in Msia stock market. US stock market up nearly 100pts yesterday, FKLI may test rebound 1st.
Hourly chart formed a more to bearish wave, below 1570 to trigger more downside.
*Classic Support & Resistance*
Resistance: 1597 1605
Support: 1573 1560
*Recommend Trading Plan for the day*
1. Buy 1587 for rebound, stop 1584, profit 1590/1593/1596
2. Look for sell signal below 1576
*FKLI Margin Requirement*
Overnight MYR 3000
Spread MYR 500
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Daily Futures Commentaries: [FKLI Malaysia Index] 30/12/2019 - 1595 or 1620 wait for breakout
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