8/1/2018
FKLI Jan 18
Previous Close: 1824 +10.5
FKLI marked another higher high on last week after better than expected balance of trade data and stronger MYR below 4. Foreign fund continue to be net buyer of stock market. This week watch out for Msia industrial production Nov 17 at 12pm, 11 Jan and retail sales Nov 17 at 12pm, 12 Jan. US market recorded another historical high by gains of more than 200pts, expect that FKLI may open high and test higher.
Both daily & hourly charts formed higher highs & lows with technical indicators more to bullish, but RSI in overbought.
Price Level to monitor today:
Resistance : 1827 1845
Support : 1815.5 1803
Recommend Trading Plan for the day:
1. Buy higher high 1826, stop 1821, profit 5pts or above.
2. If retrace 1st, buy 1820 or below, stop 1815, 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.