FKLI Updates

Daily Futures Commentaries: [FKLI Malaysia Index] 25/11/2019 - Stronger foreign market likely to limit downside of FKLI

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Publish date: Mon, 25 Nov 2019, 08:34 AM
Here we update timely info about FKLI

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25/11/2019

 
*FKLI Nov 19*
 
Previous Close: 1598 +7.5
 
FKLI ended higher to test 1600 level on last Friday while US stock market rose more than 100pts, FKLI may gap up and continue to test rebound.
 
Hourly chart testing technical correction, close below 1586 for more downside.
 
*Classic Support & Resistance* 
Resistance: 1610 1620
Support: 1590 1580
 
*Recommend Trading Plan for the day*
1. Buy 1600, stop 1597, profit 1603/1606/1609
 
*FKLI Margin Requirement* 
Overnight MYR 3000
Spread MYR 500
 
Disclaimer: For idea sharing only, trade at your own risk
 
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