9/11/2018
*FKLI Nov 18*
Previous Close: 1720 +4.5
FKLI ended higher to test 1720 level as tracking strength in global market and supported by foreign fund buying. Today watch out for Msia industrial production, retail sales & unemployment rate on 12pm.
Hourly technical indicators crossing up with candles move in BB channel, likely to test previous resistance around 1750.
*Classic Support & Resistance*
Resistance: 1749.5 1779
Support: 1701.5 1665.5
*Recommend Trading Plan for the day:*
1. If index retreat to close downside gap 1st, look for buy signal 1712-1715, stop loss 4pts, profit 4pts / 8pts.
2. Look for buy signal above 1729.
*FKLI Margin Requirement*
Overnight MYR 4000
Spread MYR 500
Disclaimer: Idea sharing only, trade at your own risk.
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