1/11/2018
*FKLI Nov 18*
Previous Close: 1705 +21.5
FKLI ended last day in Oct 18 with a strong gain as tracking recovery in global market, too supported by foreign fund buying. However it still marked the worst month since May 18. US stock market up more than 200pts, FKLI likely to gap up and test previous high.
Hourly chart formed a technical rebound from RSI bullish divergence with MACD crossed above zero, FKLI likely to test 61.8 Fibo retracment level of swing 1748.5-1665, which is around upside gap of 1717.
*Classic Support & Resistance*
Resistance: 1717 1731 1748.5
Support: 1682 1665
*Recommend Trading Plan for the day:*
1. Look for buy signal above 1711.5.
*FKLI Margin Requirement*
Overnight MYR 4000
Spread MYR 500
Disclaimer: Idea sharing only, trade at your own risk.
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