10/1/2018
FKLI Jan 18
Previous Close: 1827.5 -10.5
KLCI stock market yesterday show losers outperformed gainers for the 1st time after nearly 3 consecutive weeks of gains, but foreign fund remains net buyer, expected that market take a pause before continue its bull rally. US market recorded another all time high, may push up FKLI later.
Daily chart's RSI in overbought, may enter a short term correction. From smaller time frame, break below 1821 likely to trigger a head & shoulder down signal. Technical indicators show FKLI may continue to test support, overall trend remain bullish with possible short term correction.
Price Level to monitor today:
Resistance : 1845.5 1860
Support : 1821 1815.5
Recommend Trading Plan for the day:
1. Look for rebound buy signal if break above 1834.
2. Sell lower low 1825.5, stop 1831, profit 1820.
FKLI Margin Requirement
Intraday MYR 1750
Overnight MYR 3500
Spread MYR 500
Disclaimer: Idea for sharing purpose, trade at your own risk.