4/6/2018
*FKLI Jun 18*
Previous Close: 1748 +21.5
FKLI rebounded strongly for a 2nd day but please trade with cautious as foreign fund heavily withdraw from the market last week. Msia manufacturing PMI May at 47.6, below forecast and previous month, may limit upside of FKLI. US stock market edged up more than 200pts last Friday, FKLI may gap up later.
Daily chart formed a long white candle on last Friday, close above 1754.5 likely trigger a rebound signal to test close gap at around 1770.
*Classic Support & Resistance*
Resistance: 1754.5 1769.5
Support: 1738.5 1725.5
*Recommend Trading Plan for the day:*
1. Look for buy signal if sustain above 1754.5.
*FKLI Margin Requirement*
Intraday MYR 2000
Overnight MYR 4000
Spread MYR 500
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Created by InvestorsDoctor | Dec 30, 2019