5/6/2018

*FKLI Jun 18*

Previous Close: 1748.5 +0.5

FKLI tested higher high above 1750 during the session but failed to hold despite a strong gains in foreign markets, as pressured by foreign fund selling and below expected manufacturing PMI, so please trade with cautious as FKLI upside may seem limited in short term. US market continue rebound for near 180pts, FKLI may gap up later and retest upside gap at around 1770 1st.

Daily chart showed FKLI failed to close at higher high, trend is still potential for more correction, close below 1735 likely to retest previous low.

*Classic Support & Resistance*
Resistance: 1771 1791 1809
Support: 1735 1713 1702

*Recommend Trading Plan for the day:*
1. Look for buy signal if sustain above 1756 yesterday high.
2. Look for sell signal if break below 1735.

*FKLI Margin Requirement*
Intraday MYR 2000
Overnight MYR 4000
Spread MYR 500

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