FKLI Updates

Daily Futures Commentaries: [FKLI Malaysia Index] 1/11/2019 - Continue rebound, likely to test 1600 level

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Publish date: Fri, 01 Nov 2019, 08:35 AM
Here we update timely info about FKLI

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1/11/2019
 
*FKLI Nov 19*
 
Previous Close:  1591 +9.5
 
FKLI extended its gains to its highest since mid of Sept 2019 as boosted by more to bullish foreign market, and strong rebound in banking stocks after US cut interest rate further. US stock market down more than 100pts, FKLI may see some profit taking.
 
4H chart testing to breakout from short term sideway , may retest 1600 level, but be cautious as RSI in overbought.
 
*Classic Support & Resistance* 
Resistance: 1605 1622
Support: 1581 1563
 
*Recommend Trading Plan for the day*
1. If index retrace 1st, buy 1584, stop 1581, profit 1587/1590/1593
 
*FKLI Margin Requirement* 
Overnight  MYR 3000
Spread       MYR 500
 
Disclaimer: For idea sharing only, trade at your own risk
 
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