15/10/2018
*FKLI Oct 18*
Previous Close: 1733 +27
FKLI rebounded from 3 month low as tracking recovery in global stock markets. US stock market up near 300pts last Friday, FKLI may gap up and test resistance. Watch out for Msia unemployment rate on12pm today.
A green candle above previous doji in daily chart form a technical rebound signal, testing to close upside gap, plus hourly chart's technical indicators crossing up, FKLI likely to continue test rebound.
*Classic Support & Resistance*
Resistance: 1751.5 1779
Support: 1712 1696
*Recommend Trading Plan for the day:*
1. Buy 1734 for technical rebound, stop 1729, profit 1739/1744.
*FKLI Margin Requirement*
Overnight MYR 4000
Spread MYR 500
Disclaimer: Idea sharing only, trade at your own risk.
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