![](/files/my/blog/img/bl3936_fkli021118.png)
2/11/2018
*FKLI Nov 18*
Previous Close: 1704.5 -0.5
FKLI settled almost unchanged yesterday despite foreign market continue to rebound as on pressure of more to bearish manufacturing PMI and market stay cautious ahead of Malaysia Budget 2019 which will be scheduled on 4pm today. US stock market rebounded another 200+pts, FKLI likely gap up and test resistance.
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. Buy 1705 or below, stop 1700, profit 1710/1715.
*FKLI Margin Requirement*
Overnight MYR 4000
Spread MYR 500
Disclaimer: Idea sharing only, trade at your own risk.
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