FKLI Updates

Daily Futures Commentaries: [FKLI Malaysia Index] 22/11/2019 - Testing technical correction, below 1586 for more downside

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Publish date: Fri, 22 Nov 2019, 08:39 AM
Here we update timely info about FKLI

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22/11/2019

 
*FKLI Nov 19*
 
Previous Close: 1590.5 -7
 
FKLI down for another day to test 1590 level as pressured by weaker sentiment in foreign market, US stock market closed with more than 50pts of losses last night, likely limit upside of FKLI.
 
Hourly chart testing technical correction, close below 1586 for more downside.
 
*Classic Support & Resistance* 
Resistance: 1600 1610
Support: 1580 1570
 
*Recommend Trading Plan for the day*
1. Sell 1586, stop 1589, profit 1583/1580
2. Buy 1592, stop 1589, profit 1595/1598
 
*FKLI Margin Requirement* 
Overnight MYR 3000
Spread MYR 500
 
Disclaimer: For idea sharing only, trade at your own risk
 
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