19/10/2018
*FKLI Oct 18*
Previous Close: 1735.5 -1.5
FKLI traded in tight range as market stay cautious ahead of Malaysia Budget 2019 and as pressured by weak global market performance. US stock market fell more than 300pts last night, FKLI likely gap down and test support.
Hourly chart showed FKLI entered a tight range after testing rebound from low of 1686. Fibo retracement & expansion suggested overlapping price level at 1718 & 1700. Retracement zone in between 38.2-61.8 which is 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 1731.
*FKLI Margin Requirement*
Overnight MYR 4000
Spread MYR 500
Disclaimer: Idea sharing only, trade at your own risk.
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