FKLI Updates

Daily Futures Commentaries: [FKLI Malaysia Index] 27/11/2019 - In correction stage, testing 1580 level support

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Publish date: Wed, 27 Nov 2019, 08:41 AM
Here we update timely info about FKLI

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27/11/2019

 
*FKLI Nov 19*
 
Previous Close: 1585.5 -1
 
FKLI experienced heavy selloff near market close yesterday, erased its earlier gains during the session. US stock market up more than 50pts, may limit downside of FKLI. 
 
Hourly chart in technical correction, required more lower highs & lows for further downside.
 
*Classic Support & Resistance* 
Resistance: 1600 1610
Support: 1570 1560
 
*Recommend Trading Plan for the day*
1. Sell 1584, stop 1587, profit 1581/1578
 
*FKLI Margin Requirement* 
Overnight MYR 3000
Spread MYR 500
 
Disclaimer: For idea sharing only, trade at your own risk
 
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