20/6/2018
*FKLI Jun 18*
Previous Close: 1718 -14
FKLI continued to close lower, tracking weakness in global market after an escalating trade war tension. US stock market dropped more than 280pts yesterday and foreign fund net selling, upside of FKLI likely limited for now, may test 1700 key support level.
Daily chart showed FKLI close below 1702 previous low will trigger more downside, while hourly chart's RSI in oversold, watch out for any technical rebound signal.
*Classic Support & Resistance*
Resistance: 1731 1742
Support: 1702 1689
*Recommend Trading Plan for the day:*
1. Sell 1714, stop 1719, profit 1709/1704.
2. Look for buy signal if FKLI sustain above 1700 level, or yesterday low of 1711.
*FKLI Margin Requirement*
Intraday MYR 2000
Overnight MYR 4000
Spread MYR 500
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Created by InvestorsDoctor | Dec 30, 2019