![](/files/my/blog/img/bl3936_fkli170818.png)
17/8/2018
*FKLI Aug 18*
Previous Close: 1776 -6
FKLI gapped down yesterday on trade war concern but managed to recover part of its losses and closed above 1770. US stock market up near 400pts last night, FKLI likely to gap up and test rebound. Watch out for Msia GDP Q2 at 12pm.
Daily chart showed FKLI testing middle line of BB, while hourly chart formed a RSI bullish divergence, watch out for short term technical rebound.
*Classic Support & Resistance*
Resistance: 1787.5 1810.5
Support: 1766 1740
*Recommend Trading Plan for the day:*
1. Buy 1779, stop 1774, profit 1784/1789.
*FKLI Margin Requirement*
Overnight MYR 4000
Spread MYR 500
Disclaimer: Idea sharing only, trade at your own risk.
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