20/7/2018
*FKLI Jul 18*
Previous Close: 1756.5 -2.5
FKLI eased off from high of around 1770 on profit taking after a sharp gain and pressured by foreign fund selling. US stock market dropped more than 130pts, FKLI may gap down and test support 1st.
Daily chart formed a correction candle, wait today closing for confirmation, may try to pull back price to inside of BB. Hourly chart show a RSI overbought correction.
*Classic Support & Resistance*
Resistance: 1772 1796.5
Support: 1736.5 1714
*Recommend Trading Plan for the day:*
1. Sell 1754 for technical correction, stop 1758, profit 1750/1746.
2. Look for buy signal above 1768.
*FKLI Margin Requirement*
Overnight MYR 4000
Spread MYR 500
Disclaimer: Idea sharing only, trade at your own risk.
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