FKLI Updates
Daily Futures Commentaries: [FKLI Malaysia Index] 26/8/2019 - Escalating trade war made FKLI gap down
InvestorsDoctor
Publish date: Mon, 26 Aug 2019, 08:48 AM
InvestorsDoctor
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Here we update timely info about FKLI
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26/8/2019
*FKLI Aug 19*
Previous Close: 1600.5 +0.5
FKLI stay firm at around 1600 level last week but renewed US-China trade tensions likely to drag down FKLI today.
Hourly chart testing again 50% Fibo retracement level of swing 1621.5-1576 around 1600 level, wait for confirmation.
*Classic Support & Resistance*
Resistance: 1605 1622
Support: 1585 1576
*Recommend Trading Plan for the day*
1. Sell 1600, stop 1603, profit 1597/1594/1591
*FKLI Margin Requirement*
Overnight MYR 3000
Spread MYR 500
Disclaimer: For idea sharing only, trade at your own risk
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Daily Futures Commentaries: [FKLI Malaysia Index] 30/12/2019 - 1595 or 1620 wait for breakout
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