27/9/2018
*FKLI Sep 18*
Previous Close: 1797 +6
Please be noted that Sep 18 contract will be expired by end of this week, traders may choose to trade Oct 18. FKLI recovered from previous losses and retest 1800 level as supported by foreign fund buying and easing trade war tension. However, US stock market fell more than 100pts after an interest hike yesterday, FKLI may gap down and test support.
Hourly chart showed FKLI in a sideway, testing 38.2% - 61.8% of Fibo level from swing 1828.5-1764.5, wait for breakout.
*Classic Support & Resistance*
Resistance: 1807.5 1814.5
Support: 1787 1780.5
*Recommend Trading Plan for the day:*
1. Look for buy signal above 1799.
2. If index retrace 1st, buy 1790 or below, stop 1786, profit 1794/1798.
*FKLI Margin Requirement*
Overnight MYR 4000
Spread MYR 500
Disclaimer: Idea sharing only, trade at your own risk.
Join our channels to find out more!
Telegram link:
https://t.me/investorsdoctoracademy
Facebook link: https://m.facebook.com/investorsdoctoracademy