5/10/2018
*FKLI Oct 18*
Previous Close: 1785.5 -12
FKLI settled at more than 2 week low as weighed down by regional markets over concern of raising treasury yield despite a foreign fund buying yesterday. Today watch out for Msia balance of trade Aug 18 on 12pm. US stock market fell more than 200pts last night, FKLI may gap down and test support 1st.
Hourly chart showed FKLI break down from 2 week sideway range, trigger more room downside, likely to test next support level, with key support at 1764.5.
*Classic Support & Resistance*
Resistance: 1807.5 1814.5
Support: 1780.5 1764.5
*Recommend Trading Plan for the day:*
1. Sell 1785, stop 1790, profit 1780/1775.
*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