FKLI Updates

Daily Futures Commentaries: [FKLI Malaysia Index] 7/10/2019 - Testing rebound as tracking gains in US market

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Publish date: Mon, 07 Oct 2019, 08:49 AM
Here we update timely info about FKLI

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7/10/2019

 
*FKLI Oct 19*
 
Previous Close: 1558 -2
 
FKLI closed below 1560 level with lack of positive sentiment to boost the market. US stock market rebounded strongly for more than 300pts last Friday, FKLI may test to rebound 1st.
 
Hourly chart continue to form lower highs & lows, more to bearish, but be cautious of potential RSI bullish divergence. 
 
*Classic Support & Resistance* 
Resistance: 1570 1590
Support: 1530 1510
 
*Recommend Trading Plan for the day*
1. Sell 1554, stop 1557, profit 1551/1548/1545
 
*FKLI Margin Requirement* 
Overnight MYR 3000
Spread MYR 500
 
Disclaimer: For idea sharing only, trade at your own risk
 
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