![](/files/my/blog/img/bl3936_fkli221018.png)
22/10/2018
*FKLI Oct 18*
Previous Close: 1730.5 -5
FKLI recovered from losses near 1710 to above 1730 level after global futures market showed some rebound. US stock market up more than 60pts but futures drop more than 130pts this morning, FKLI likely gap down and test support.
Hourly chart showed FKLI rebound to test upside gap, required to close above 1750 to trigger further rebound signal.
*Classic Support & Resistance*
Resistance: 1749.5 1779
Support: 1712 1686
*Recommend Trading Plan for the day:*
1.If expect FKLI to track weakness in US futures market, sell 1728 or above, stop 1732, profit 1724/1720.
2. Look for rebound buy signal above 1731.5.
*FKLI Margin Requirement*
Overnight MYR 4000
Spread MYR 500
Disclaimer: Idea sharing only, trade at your own risk.
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