28/11/2018
*FKLI Nov 18*
Previous Close: 1684 -21.5
Please be noted that Nov 18 contract will be expired on this Friday 30/11, traders may choose to trade Dec 18. Malaysia stock market faced a heavy foreign fund selling, mainly dragged down by Genting & Genting Malaysia after the new them park project been pulled out. US stock market up more than 100pts last night, FKLI may gap up and test rebound 1st.
Hourly chart showed FKLI unable to hold its gains above 1700 and possible to retest 1673.5 previous low as technical indicators crossing down.
*Classic Support & Resistance*
Resistance: 1693.5 1706.5 1713
Support: 1673.5 1665.5
*Recommend Trading Plan for the day:*
1. Look for sell signal below 1680.
2. If expect FKLI to track strength in foreign market, buy 1684 or below, stop 1779, profit 1689/1693.
*FKLI Margin Requirement*
Overnight MYR 4000
Spread MYR 500
Disclaimer: Idea sharing only, trade at your own risk.
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