9/10/2018
*FKLI Oct 18*
Previous Close: 1772.5 -3
FKLI closed lower yesterday as pressured by foreign fund selling and global market selloff after China market resume. US stock market rebounded near 40pts last night but DJI futures fell more than 40pts, upside likely limited for FKLI.
Hourly chart showed FKLI rebounded from RSI oversold but still below middle line of BB, close below 1764.5 to trigger further downside.
*Classic Support & Resistance*
Resistance: 1784 1807.5
Support: 1764.5 1740
*Recommend Trading Plan for the day:*
1. Look for sell signal below 1764.5
*FKLI Margin Requirement*
Overnight MYR 4000
Spread MYR 500
Disclaimer: Idea sharing only, trade at your own risk.
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Jeffrey Yee
Would pushing below the 1764.5 key support line completes a head & shoulder reversal to see a major down trend? Thnx, Jeff.
2018-10-09 22:07