23/7/2018
*FKLI Jul 18*
Previous Close: 1759 +2.5
FKLI rebounded from early losses and close with gains as supported by late buying and recovery of foreign market. However, be cautious of foreign fund net selling. US stock market mostly unchanged on last Friday.
Hourly chart showed a technical correction from RSI overbought, while overall trend remains in rebound stage as weekly chart formed 2nd bullish candle.
*Classic Support & Resistance*
Resistance: 1768 1796.5
Support: 1740 1713
*Recommend Trading Plan for the day:*
1. Buy 1760, stop 1755, profit 1765/1770.
*FKLI Margin Requirement*
Overnight MYR 4000
Spread MYR 500
Disclaimer: Idea sharing only, trade at your own risk.
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