4/7/2018
*FKLI Jul 18*
Previous Close: 1682.5 +11.5
FKLI tracking strength in foreign market with a rebound yesterday, yet foreign fund resumed its withdrawal, may cap upside of FKLI. US stock market fell more than 130pts last night, FKLI may gap down 1st and test support.
Daily chart formed a candle a harami yesterday as FKLI traded within previous range, wait for breakout. Hourly chart also entering sideway.
*Classic Support & Resistance*
Resistance: 1703 1730
Support: 1655 1635
*Recommend Trading Plan for the day:*
1. Look for buy signal above 1687.
2. Sell 1679 for technical correction, stop 1684, profit 1674/1669.
*FKLI Margin Requirement*
Intraday MYR 2000
Overnight MYR 4000
Spread MYR 500
Disclaimer: Idea sharing only, trade at your own risk.
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