5/1/2018
FKLI Jan 18
Previous Close: 1813.5 +14
FKLI finished above 1810 level while KLCI above 1800, first time since 2015, supported by bullish global market sentiment and foreign fund buying. Today watch out for Msia balance of trade Nov 17 at 12pm.
Hourly chart formed higher highs & lows above 1800 and close at highest yesterday, signaled that buyers take charge of market. Technical indicators also more to bullish, testing RSI overbought.
Price Level to monitor today:
Resistance : 1827
Support : 1805.5 1797
Recommend Trading Plan for the day:
1. Buy higher high 1814, stop 1809, profit 5pts or above.
2. If retrace 1st, buy 1807 or below, stop 1802, profit 5pts or above.
FKLI Margin Requirement
Intraday MYR 1750
Overnight MYR 3500
Spread MYR 500
Disclaimer: Idea for sharing purpose, trade at your own risk.
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