18/9/2018
*FKLI Sep 18*
Previous Close: 1798 +11.5
FKLI bounced back and retest 1800 level on last Friday as lifted by global stock market recovery and strengthening MYR against USD. However, US stock market ended lower during Msia long weekend as pressured by US-China tension, FKLI likely to gap down today.
Daily chart showed FKLI in a sideway range and testing middle line of BB, wait for breakout, while hourly chart showed a strong rebound from 1764 and now testing 50% to 61.8% of Fibo retracement of swing 1764.5-1828.5.
*Classic Support & Resistance*
Resistance: 1807 1814.5
Support: 1788.5 1775
*Recommend Trading Plan for the day:*
1. Buy 1800, stop 1795, profit 1805/1810.
*FKLI Margin Requirement*
Overnight MYR 4000
Spread MYR 500
Disclaimer: Idea sharing only, trade at your own risk.
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