26/7/2018
*FKLI Jul 18*
Previous Close: 1763 +1
Please be noted that Jul 18 contract will be expired by next Tuesday (31/7), traders may choose to trade Aug 18 contract. FKLI continued to sustain above 1760 level, but be cautious of foreign fund net selling. US stock market up more than 170pts last night, FKLI may gap up and continue to test rebound.
Daily & hourly chart showed FKLI in rebound stage, may test 1800 level, but watch out for potential RSI bearish divergence.
*Classic Support & Resistance*
Resistance: 1772 1796.5
Support: 1736.5 1713
*Recommend Trading Plan for the day:*
1. Look for buy signal above 1769.5.
2. If price retrace 1st, buy 1760 or below, 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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