FKLI Updates

Daily Futures Commentaries: [FKLI Malaysia Index] 4/12/2019 - Weaker US stock market may limit upside of FKLI

InvestorsDoctor
Publish date: Wed, 04 Dec 2019, 08:29 AM
InvestorsDoctor
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Here we update timely info about FKLI

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4/12/2019
 
*FKLI Dec 19*
 
Previous Close:  1560.5 -9.5
 
FKLI hit its lowest since Sep 2015 as pressured by weaker foreign market. US stock market fell for another 280pts last night, FKLI likely to gap down and test support. Watch out for Msia balance of trade data on 12pm today. 
 
Hourly chart is more to bearish, close below 1550 level to trigger more downside.
 
*Classic Support & Resistance* 
Resistance: 1570 1590
Support: 1545 1530
 
*Recommend Trading Plan for the day*
1. Buy 1562, stop 1559, profit 1565/1568
2. Sell 1557, stop 1560, profit 1554/1551/1548
 
*FKLI Margin Requirement* 
Overnight  MYR 3000
Spread       MYR 500
 
Disclaimer: For idea sharing only, trade at your own risk
 
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