23/10/2018
*FKLI Oct 18*
Previous Close: 1719 -11.5
FKLI closed below 1720 level despite foreign fund buying. US stock market fell more than 120pts while DJI futures also fell near 120pts this morning, expect FKLI gap down and test support later.
Hourly chart showed FKLI move in between 38.2-61.8 Fibo retracement of swing 1686-1749.5, close below 1710 to trigger more downside.
*Classic Support & Resistance*
Resistance: 1749.5 1779
Support: 1712 1686
*Recommend Trading Plan for the day:*
1. Look for sell signal below 1712.
*FKLI Margin Requirement*
Overnight MYR 4000
Spread MYR 500
Disclaimer: Idea sharing only, trade at your own risk.
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