5/11/2018
*FKLI Nov 18*
Previous Close: 1718 +13.5
FKLI closed significantly higher on last Friday as tracking strength of US & HK market on optimism of US-China trade talk, but US & HK erased their gains during midnight as trade war optimism eased. DJI continue to drop this morning, FKLI likely gap down and test support. Today watch out for Msia balance of trade on 12pm.
Hourly chart formed a technical rebound from RSI bullish divergence and testing 61.8 Fibo retracement level, today likely gap down and test to close downside gap at 1708/1704.
*Classic Support & Resistance*
Resistance: 1731 1748.5
Support: 1701 1682
*Recommend Trading Plan for the day:*
1. Look for sell signal below 1712.
2. Look for buy signal above 1723.
*FKLI Margin Requirement*
Overnight MYR 4000
Spread MYR 500
Disclaimer: Idea sharing only, trade at your own risk.
Join our channels to find out more!
Telegram link:
https://t.me/investorsdoctoracademy
Facebook link: https://m.facebook.com/investorsdoctoracademy