FKLI Updates

Daily Futures Commentaries: [FKLI Malaysia Index] 14/10/2019 - Testing rebound from low

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Publish date: Mon, 14 Oct 2019, 08:54 AM
Here we update timely info about FKLI

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14/10/2019
 
*FKLI Oct 19*
 
Previous Close:  1558 +7
 
FKLI closed higher for technical rebound on last Friday, while US stock market up more than 300pts on positive outcome from US-China trade talk, FKLI may gap up and continue to test rebound.
 
Hourly chart formed a double bottom rebound signal from around 1548 level, which is also RSI bullish divergence, close above 1560 to trigger more upside.
 
*Classic Support & Resistance* 
Resistance: 1570 1580
Support: 1540 1530
 
*Recommend Trading Plan for the day*
1. Buy 1561, stop 1558, profit 1564/1567/1570
2. Look for sell signal below 1547
 
*FKLI Margin Requirement* 
Overnight  MYR 3000
Spread       MYR 500
 
Disclaimer: For idea sharing only, trade at your own risk
 
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