FKLI Updates

Daily Futures Commentaries: [FKLI Malaysia Index] 5/12/2019 - Sustain above 1550 level, may trigger rebound

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Publish date: Thu, 05 Dec 2019, 08:40 AM
Here we update timely info about FKLI

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4/12/2019
 
*FKLI Dec 19*
 
Previous Close:  1560 -0.5
 
FKLI bounced back from below 1550 level and closed in flat, while US stock market showed rebound with more than 100pts of gains yesterday, FKLI may gap up and test resistance.
 
Hourly chart testing rebound from oversold zone, close above 1560 today to trigger more upside.
 
*Classic Support & Resistance* 
Resistance: 1570 1590
Support: 1545 1530
 
*Recommend Trading Plan for the day*
1. Buy 1562, stop 1559, profit 1565/1568/1571
 
*FKLI Margin Requirement* 
Overnight  MYR 3000
Spread       MYR 500
 
Disclaimer: For idea sharing only, trade at your own risk
 
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