3/9/2018
*FKLI Sep 18*
Previous Close: 1808.5 -10.5
FKLI dropped to below 1810 on last Thursday as tracking profit taking in regional market and as concern on falling of emerging market currencies. DJI fell more than 160pts during the long weekend, FKLI likely to gap down today and test downside gap.
Daily & hourly charts showed FKLI remains in rebound stage but retraced from RSI overbought, may enter a technical correction.
*Classic Support & Resistance*
Resistance: 1822.5 1840.5
Support: 1799 1787.5
*Recommend Trading Plan for the day:*
1. Sell 1807 for technical correction, stop 1810, profit 1804/1801.
*FKLI Margin Requirement*
Overnight MYR 4000
Spread MYR 500
Disclaimer: Idea sharing only, trade at your own risk.
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