17/10/2018
*FKLI Oct 18*
Previous Close: 1736 +7.5
FKLI closed higher to retest previous high yesterday as tracking global stock market recovery despite that there is no return of foreign fund buying yet. US stock market rebounded strongly for more than 500pts ;ast night, FKLI likely to gap up and continue rebound.
Hourly chart showed FKLI to sustain above middle line of BB, close above 1738 to trigger further rebound signal.
*Classic Support & Resistance*
Resistance: 1751.5 1779
Support: 1722 1712 1696
*Recommend Trading Plan for the day:*
1. Buy 1739, stop 1732, profit 1746/1753.
*FKLI Margin Requirement*
Overnight MYR 4000
Spread MYR 500
Disclaimer: Idea sharing only, trade at your own risk.
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newbie13
Good day Sir, does it mean if FKLI drops below 1738 then indicates FKLI failed to sustain and further trigger the rebound?
2018-10-17 09:40