9/8/2018
*FKLI Aug 18*
Previous Close: 1804 +13
FKLI closed above 1800 for the 1st time since May this year as supported by foreign fund buying and as tracking strength in foreign stock market. US stock market down slightly last night, FKLI may test a correction 1st.
Hourly chart showed FKLI formed higher highs & lows above 1800 level, trend more to bullish, but be cautious of potential RSI bearish divergence may drag down index in short term.
*Classic Support & Resistance*
Resistance: 1816.5 1830.5
Support: 1788 1776.5
*Recommend Trading Plan for the day:*
1. Buy 1805, stop 1801, profit 1809/1813.
*FKLI Margin Requirement*
Overnight MYR 4000
Spread MYR 500
Disclaimer: Idea sharing only, trade at your own risk.
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