8/6/2018
*FKLI Jun 18*
Previous Close: 1786.5 +9.5
FKLI marked a 3 days straight gains as tracking strength in foreign markets and as local tension eased. However please trade with cautious on withdrawal of foreign fund. KLCI failed to sustain above 1800 level yesterday, signaled a weak buying pressure, close above 1800 to confirm further rebound signal. US stock market up near 100pts last night, FKLI may retest resistance 1st.
Daily chart testing 50% retracement of current swing, formed a shooting star alike candlestick pattern, wait following candles to confirm. Hourly chart show a technical correction from RSI overbought and overall in testing rebound stage.
*Classic Support & Resistance*
Resistance: 1809 1821.5
Support: 1774.5 1756
*Recommend Trading Plan for the day:*
1. look for buy signal above 1796.5 yesterday high.
*FKLI Margin Requirement*
Intraday MYR 2000
Overnight MYR 4000
Spread MYR 500
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Created by InvestorsDoctor | Dec 30, 2019