24/8/2018
*FKLI Aug 18*
Previous Close: 1803 +3
FKLI continued to sustain above 1800 as supported by foreign fund buying despite US-China trade dispute pressured regional market. Watch out for Msia inflation rate Jul 18 at 12pm today. US fell more than 70pts last night, FKLI may gap down and test support 1st.
Daily & hourly charts showed FKLI retest 1810.5 previous high, close above the level to trigger further rebound signal.
*Classic Support & Resistance*
Resistance: 1810.5 1821.5
Support: 1787 1777
*Recommend Trading Plan for the day:*
1. If expect for a technical correction, sell 1802, stop 1805, profit 1799/1796.
2. Look for further sell signal if break below 1795 yesterday low.
3. Look for buy signal above 1810.5.
*FKLI Margin Requirement*
Overnight MYR 4000
Spread MYR 500
Disclaimer: Idea sharing only, trade at your own risk.
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