FKLI Updates

Daily Futures Commentaries: [FKLI Malaysia Index] 24/12/2019 - Close above 1620 for more upside

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Publish date: Tue, 24 Dec 2019, 08:52 AM
Here we update timely info about FKLI

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24/12/2019
 
*FKLI Dec 19*
 
Previous Close:  1612 +4
 
FKLI marked 5 sessions of gains in a row on momentum of year end window dressing. US stock market rose near 100pts last night, FKLI gap up slightly to test yesterday high.
 
Hourly chart formed higher highs & lows, more to bullish, but be cautious as RSI in overbought.
 
*Classic Support & Resistance* 
Resistance: 1620 1630
Support: 1600 1590
 
*Recommend Trading Plan for the day*
1. If index retreat, buy 1606, stop 1603, profit 1609/1612/1615
 
*FKLI Margin Requirement* 
Overnight  MYR 3000
Spread       MYR 500
 
Disclaimer: For idea sharing only, trade at your own risk
 
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