22/2/2018
FKLI Feb 18
Previous Close: 1859.5 +7.5
FKLI sustained its gains yesterday, closed at near 1860 despite weaker global market performance. Stock market foreign fund net selling yesterday, may drag down FKLI today, plus US drop for another 160+pts limited upside of FKLI.
Hourly chart show FKLI enters a overbought correction from 1863 but remain in rebound stage. Today may test close downside gap around 1839.50.
Price Level to monitor today:
Resistance : 1863 1872.5
Support : 1848.5 1839.5
Recommend Trading Plan for the day:
1. Sell 1857 or above, stop 1864, profit 7pts or above.
2. Look for buy signal if yesterday low 1848.5 holds.
FKLI Margin Requirement
Intraday MYR 2000
Overnight MYR 4000
Spread MYR 500
Disclaimer: Idea for sharing purpose, trade at your own risk.