19/9/2018
*FKLI Sep 18*
Previous Close: 1791.5 -6.5
FKLI faced pressure of US-China trade war tensions & foreign fund selling, ended below 1800. US stock market strongly rebounded for more than 180pts, FKLI likely gap up and retest 1800 level.
Daily chart showed FKLI in a sideway range and testing middle line of BB, wait for breakout, while hourly chart showed FKLI testing 38.2 Fibo level of swing 1828.5-1764.5, below 61.8% pointed more to downside.
*Classic Support & Resistance*
Resistance: 1799 1807
Support: 1780.5 1775
*Recommend Trading Plan for the day:*
1. Look for buy signal above 1799.
*FKLI Margin Requirement*
Overnight MYR 4000
Spread MYR 500
Disclaimer: Idea sharing only, trade at your own risk.
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