FKLI Updates

Daily Futures Commentaries: [FKLI Malaysia Index] 18/11/2019 - Technical sell down, below 1590 for more correction

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Publish date: Mon, 18 Nov 2019, 08:46 AM
Here we update timely info about FKLI

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18/11/2019

 
FKLI Nov 19
 
Previous Close: 1596 +0.5
 
FKLI traded in flat range on last Friday while US stock market rose more than 200pts, FKLI likely gap up and test resistance. 
 
Hourly chart testing technical correction, close below 1590 to trigger more downside.
 
Classic Support & Resistance 
Resistance: 1605 1618
Support: 1581 1572
 
Recommend Trading Plan for the day
1. Buy 1600, stop 1597, profit 1603/1606
2. Sell 1592, stop 1595, profit 1589/1586
 
FKLI Margin Requirement 
Overnight MYR 3000
Spread MYR 500
 
Disclaimer: For idea sharing only, trade at your own risk
 
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