19/11/2018
*FKLI Nov 18*
Previous Close: 1705.5 +6
FKLI back to above 1700 as tracking strength in foreign market. US stock market up more than 120pts on last Friday but see some correction this morning with DJI futures -50pts, FKLI likely to trade in range.
Hourly showed FKLI move in a wide range with a technical rebound signal as technical indicators crossing up, now the index testing 61.8 Fibo retracement level, close above 1711 to trigger further rebound signal to 1730 level.
*Classic Support & Resistance*
Resistance: 1711 1729
Support: 1693 1673.5
*Recommend Trading Plan for the day:*
1. Look for clsoe gap signal below 1702.
2. Look for buy signal above 1711.
*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