FKLI Updates

Daily Futures Commentaries: [FKLI Malaysia Index] 20/11/2019 - Testing rebound, 1590 or 1620 wait for breakout

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Publish date: Wed, 20 Nov 2019, 08:35 AM
Here we update timely info about FKLI

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20/11/2019

 
*FKLI Nov 19*
 
Previous Close: 1606.5 +3
 
FKLI ended slightly higher yesterday but US stock market fell more than 100pts, FKLI may gap down and retest support level.
 
Hourly chart entered range 1590-1620, wait for breakout.
 
*Classic Support & Resistance* 
Resistance: 1620 1630
Support: 1590 1580
 
*Recommend Trading Plan for the day*
1. Buy 1608, stop 1605, profit 1611/1614
2. Sell 1604, stop 1607, profit 1601/1598
 
*FKLI Margin Requirement* 
Overnight MYR 3000
Spread MYR 500
 
Disclaimer: For idea sharing only, trade at your own risk
 
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