30/7/2018
*FKLI Jul 18*
Previous Close: 1769.5 +4.5
Please be noted that Jul 18 contract will be expired by next Tuesday (31/7), traders may choose to trade Aug 18 contract. FKLI pull back from retracement around 1760 and closed to test 1770 level, but be cautious of foreign fund net sell and weakness in US stock market last Friday may dragged down FKLI later.
Hourly chart showed FKLI move in triangle pattern with tight range, wait for breakout. Watch out for potential RSI bearish divergence.
*Classic Support & Resistance*
Resistance: 1796.5 1809
Support: 1759.5 1740
*Recommend Trading Plan for the day:*
1. Look for buy signal above 1773.
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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