2/3/2018
FKLI Mar 18
Previous Close: 1858 +4.5
FKLI gapped down after US fell near 400pts, but managed to rebound and closed near to 1860 level yesterday. Net sell foreign fund yesterday may limit upside of FKLI, plus US stock market down for more than 400pts again, FKLI today likely gap down and test support.
Hourly chart show candles are below middle line of BB, MACD below zero and RSI rebound from oversold but overall still declining, pointed more to a correction trend, FKLI may test to close immediate downside gap at 1850 follow by 1836.
Price Level to monitor today:
Resistance : 1861.5 1873
Support : 1843.5 1836 1818
Recommend Trading Plan for the day:
1. Sell 1855 or above, stop 1862, profit 7pts or above.
2. Look for buy signal if break above 1861.50.
FKLI Margin Requirement
Intraday MYR 2000
Overnight MYR 4000
Spread MYR 500
Disclaimer: Idea for sharing purpose, trade at your own risk.