![](/files/my/blog/img/bl3936_fkli071118.png)
7/11/2018
*FKLI Nov 18*
Previous Close: 1704 -14
FKLI erased part of previous gains as weighed down by trade war uncertainties and foreign fund selling before the holiday. US stock market up near 400pts these 2 days, expect FKLI to gap up and test previous high. Watch out for US midterm election results.
Hourly chart showed a retracement from 61.8 Fibo retracement, closed below middile line of BB while technical indicators crossing down, may test 38.2 Fibo level. Today may test upper band of BB near previous high of 1723 if gap up, watch out if FKLI able to break above and widen upper BB.
*Classic Support & Resistance*
Resistance: 1723 1749.5
Support: 1685.5 1665.5
*Recommend Trading Plan for the day:*
1. Look for sell signal below 1700.
2. Look for buy signal above 1709.5.
*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