9/7/2018

FKLI Jul 18

Previous Close: 1666.5 -19.5

FKLI fell sharply on last week to below 1670 amid of trade war tension and foreign fund selling. US stock market up near 100pts on last Friday, FKLI today may gap up and test rebound 1st.

Daily chart show FKLI traded within previous range, wait for breakout but more to bearish as bearish candle formed by end of last week, while hourly chart's technical indicators crossing down, close below 1655 previous low to trigger further sell signal.

Classic Support & Resistance
Resistance: 1780.5 1794.5
Support: 1655 1630

Recommend Trading Plan for the day:
1. Sell 1664, stop 1668, profit 1660/1656.
2. If expect for technical rebound, buy 1668, stop 1664, profit 1672/1676.

FKLI Margin Requirement
Intraday MYR 2000
Overnight MYR 4000
Spread MYR 500

Disclaimer: Idea sharing only, trade at your own risk.

Join our channels to find out more!

Telegram link:
https://t.me/investorsdoctoracademy

Facebook link: https://m.facebook.com/investorsdoctoracademy

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............

https://goo.gl/forms/SyxDaLNwkuYagkA02