5/7/2018
*FKLI Jul 18*
Previous Close: 1688.5 +6
FKLI marked another day of rebound, but foreign fund selling may cap its upside. Watch out for Msia balance of trade data at 12pm today.
Daily chart show FKLI traded within previous range, wait for breakout, while hourly chart's technical indicators moving upside, showed FKLI may test resistance 1st.
*Classic Support & Resistance*
Resistance: 1703 1730
Support: 1670 1655
*Recommend Trading Plan for the day:*
1. Look for buy signal above 1691.5.
*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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