11/6/2018
*FKLI Jun 18*
Previous Close: 1775 -11.5
FKLI ended its 3 straight gains, closed downside gap and remain below 1800 psychological level as pressured by foreign fund selling. US stock market up near 80pts, FKLI may retest resistance 1st. Watch out for Msia industrial production Apr 18 at 12pm.
Daily chart formed a bearish candle after a shooting star, failed to sustain above 50% retracement of current swing and traded below middle line of BB, show no strong rebound signal yet.
*Classic Support & Resistance*
Resistance: 1796.5 1809
Support: 1735 1713
*Recommend Trading Plan for the day:*
1. Look for buy signal above 1780.
2. Look for sell signal below 1768.
*FKLI Margin Requirement*
Intraday MYR 2000
Overnight MYR 4000
Spread MYR 500
Join our channels to find out more!
Telegram link:
https://t.me/investorsdoctoracademy
Facebook link: https://m.facebook.com/investorsdoctoracademy
Created by InvestorsDoctor | Dec 30, 2019