15/3/2018
FKLI Mar 18
Previous Close: 1860.5 -6
FKLI retreated from its previous gains yesterday as pressured by weak global stock market performance and net selling from foreign fund. Today watch out for Msia unemployment rate at 12pm. US stock market dropped for near 250pts overnight, later FKLI may gap down and test downside gap.
Daily chart show a RSI divergence, be cautious of potential correction for FKLI. In hourly chart, FKLI entered a sideway to higher triangle pattern but technical indicators weakening, expects limited upside.
Price Level to monitor today:
Resistance : 1866 1875
Support : 1852 1842
Recommend Trading Plan for the day:
1. Sell 1856, stop 1862, profit 1850/1844.
FKLI Margin Requirement
Intraday MYR 2000
Overnight MYR 4000
Spread MYR 500