![](/files/my/blog/img/bl3936_fkli160818.png)
16/8/2018
FKLI Aug 18
Previous Close: 1782 +1
FKLI pulled back from losses and closed above 1780 yesterday but foreign fund in net selling. US stock market tumbled for more than 130pts yesterday, market sentiment remain bearish under Turkey tension. FKLI may gap down later and test previous low 1st.
Daily chart showed FKLi sustain above middle line of BB but watch out for potential crossing down of RSI & MACD.
Classic Support & Resistance
Resistance: 1797.5 1810.5
Support: 1766 1756
Recommend Trading Plan for the day:
1. Sell 1781, stop 1785, profit 1777/1773.
2. Look for buy signal above 1787.5 yesterday high.
FKLI Margin Requirement
Overnight MYR 4000
Spread MYR 500
Disclaimer: Idea sharing only, trade at your own risk.
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