4/1/2018
FKLI Jan 18
Previous Close: 1799.5 +5
FKLI finished with another day of gains, broke new high yesterday but retreat from high of 1807.5. Regional markets remain bullish, may support FKLI. KLCI market marked a large volume trading with net buying foreign fund.
Daily chart candle triggered a shooting star reversal signal, waiting daily closing for confirmation. In hourly chart, FKLI retreat from RSI overbought but overall remain bullish as shown by technical indicators. Watch out for further profit taking if unable to sustain above 1800 level.
Price Level to monitor today:
Resistance : 1807.5
Support : 1787.5 1777
Recommend Trading Plan for the day:
1. Sell 1796.5, stop 1800.5, profit 4 pts or above.
2. If go close gap 1st, buy 1794 or below, stop 1787, profit 7pts.
3. Look for any rebound buy signal.
FKLI Margin Requirement
Intraday MYR 1750
Overnight MYR 3500
Spread MYR 500
Disclaimer: Idea for sharing purpose, trade at your own risk.