1/10/2018
*FKLI Oct 18*
Previous Close: 1795 +1.5
FKLI closed mostly in flat on last week, still below 1800 level as pressured by foreign fund selling. US stock market up slightly on last Friday but futures shoot up more than 100pts this morning, FKLI likely to test above 1800.
Hourly chart showed FKLI traded in a tight range 1788-1806, wait for breakout.
*Classic Support & Resistance*
Resistance: 1801.5 1806 1810.5
Support: 1788 1778
*Recommend Trading Plan for the day:*
1. If expect 1788 support to hold, buy 1792 or below, stop 1787, profit 1797/1802.
*FKLI Margin Requirement*
Overnight MYR 4000
Spread MYR 500
Disclaimer: Idea sharing only, trade at your own risk.
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