26/10/2018
*FKLI Oct 18*
Previous Close: 1695.5 +9.5
FKLI ended with gains despite foreign fund selling as supported by recovery of global market during evening session yesterday. Today watch out for Msia inflation rate on 12pm. US stock market up more than 400pts last night but futures today down more than 100pts, FKLI may gap up and test close gap.
Hourly chart showed FKLI rebounded from RSI bullish divergence, may test 38.2-61.8 Fibo retracement of swing 1749.5-1665.5.
*Classic Support & Resistance*
Resistance: 1713 1749.5
Support: 1665.5 1655
*Recommend Trading Plan for the day:*
1. Buy 1697 for technical rebound, stop 1792, profit 1702/1707.
*FKLI Margin Requirement*
Overnight MYR 4000
Spread MYR 500
Disclaimer: Idea sharing only, trade at your own risk.
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