14/11/2018
FKLI Nov 18
Previous Close: 1693 +2
FKLI gap down and rebound yesterday, closed with almost unchanged but weakness in foreign markets and foreign fund selling likely to cap upside of FKLI. US stock market fell another 100pts ut futures up near 100pts too this morning, expect FKLI to continue move in range.
Hourly showed FKLI move in a wide range with a technical rebound from oversold, required MACD to cross above zero and BB expanding north to trigger further rebound signal.
Classic Support & Resistance
Resistance: 1709.5 1729
Support: 1681 1665.5
Recommend Trading Plan for the day:
1. Buy 1695 for technical rebound, stop 1692, profit 1698/1701/1704.
2. Look for sell signal below 1681.
FKLI Margin Requirement
Overnight MYR 4000
Spread MYR 500
Disclaimer: Idea sharing only, trade at your own risk.
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