21/9/2018
*FKLI Sep 18*
Previous Close: 1796.5 +1.5
FKLI traded at discount to KLCI, closed below 1800, but strong gains in US stock market for more than 250pts and foreign fund buying likely to support Msia market.
Daily chart showed FKLI in a sideway range, wait for breakout, while hourly chart showed FKLI in testing rebound.
*Classic Support & Resistance*
Resistance: 1807 1814.5
Support: 1789.5 1780.5
*Recommend Trading Plan for the day:*
1. If expect FKLI to track strength in US market, buy 1798 or below, stop 1794, profit 1802/1806.
*FKLI Margin Requirement*
Overnight MYR 4000
Spread MYR 500
Disclaimer: Idea sharing only, trade at your own risk.
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