6/7/2018

*FKLI Jul 18*

Previous Close: 1686 -2.5

FKLI closed mostly unchanged yesterday after more to bearish Msia balance of trade data and foreign fund selling. US stock market resumed with more than 180pts gains, FKLI may gap up and test resistance.

Daily chart show FKLI traded within previous range, wait for breakout, while hourly chart's technical indicators moving upside, showed FKLI in rebound stage.

*Classic Support & Resistance*
Resistance: 1703 1730
Support: 1670 1655

*Recommend Trading Plan for the day:*
1. Buy 1689, stop 1685, profit 1693/1697.
2. Look for sell signal if unable to sustain above 1680.

*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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Since 14th May 2018 (stock market reopened after 509 GE-14), FKLI Futures dropped nearly 200.5 points from high 1876.5 to recent low 1676!

Simple Calculation:
200.5 x RM 50 per index point = RM 10,025 (Potential Profit!)

Well, NOW is the time for you to understand more about FKLI Trading!

Come & Join us on 14th July 2018 from 2PM to 4PM at SI Academy.

IDA will discover together with You - What is FKLI............

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