FKLI Updates

Daily Futures Commentaries: [FKLI Malaysia Index] 21/11/2019 - Testing technical correction, 1590 or 1620 wait for breakout

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Publish date: Thu, 21 Nov 2019, 08:29 AM
Here we update timely info about FKLI

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21/11/2019

 
*FKLI Nov 19*
 
Previous Close: 1597.5 -9
 
FKLI fell to below 1600 level as tracking weakness in foreign market. US stock market extended its losses with more than 100pts of losses again last night. FKLI may gap down and test support.
 
Hourly chart entered range 1590-1620, wait for breakout.
 
*Classic Support & Resistance* 
Resistance: 1610 1620
Support: 1590 1580
 
*Recommend Trading Plan for the day*
1. Sell 1596, stop 1599, profit 1593/1590
 
*FKLI Margin Requirement* 
Overnight MYR 3000
Spread MYR 500
 
Disclaimer: For idea sharing only, trade at your own risk
 
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