18/10/2018
*FKLI Oct 18*
Previous Close: 1737 +1
FKLI erased its gains from near 1750 after drag down by weakness in global futures market. US stock market fell more than 90pts last night while US futures fell near 60pts this morning, FKLI may gap down and test support.
Hourly chart showed FKLI in testing rebound, sustain above middle line of BB for now. Fibo expansion & retracement suggested overlapping level at around 1718 & 1700, while 61.8 of current rebound swing retracement will be from 1725-1710.
*Classic Support & Resistance*
Resistance: 1749.5 1779
Support: 1722 1686
*Recommend Trading Plan for the day:*
1. Look for sell signal below 1733.5.
*FKLI Margin Requirement*
Overnight MYR 4000
Spread MYR 500
Disclaimer: Idea sharing only, trade at your own risk.
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