14/6/2018

*FKLI Jun 18*

Previous Close: 1761.5 +4.5

Please be noted today Msia market only half trading session. FKLI rebounded from low of 1750, likely trigger a technical rebound signal from that level, but be cautious as foreign fund remains as net seller. US market dropped near 120pts, FKLI may gap down and retest 1750 support.

Daily chart show FKLI in correction stage but able to sustain above 50% retracement at around 1750, close below 1750 to trigger further sell signal.

*Classic Support & Resistance*
Resistance: 1772 1796.5
Support: 1735 1713

*Recommend Trading Plan for the day:*
1. If FKLI down 1st, Buy 1755 or below, stop 1749, profit set at risk reward ratio 1:1 or 1:2 or above.
2. Buy 1763 above yesterday high, stop 1759, profit 1767/1771.

*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