4/12/2018
*FKLI Dec 18*
Previous Close: 1704 +18
FKLI formed a strong rebound yesterday to close at above 1700 level as tracking strength in foreign market, despite foreign fund selling. However, US stock market erased part of its gains and closed below 26000 level, FKLI likely gap down and test support 1st.
Hourly chart showed FKLI remains in triangle pattern, wait for breakout.
*Classic Support & Resistance*
Resistance: 1713 1729
Support: 1692 1678
*Recommend Trading Plan for the day:*
1. Buy 1707, stop 1702, profit 1712/1717.
2. If price retrace 1st, look for buy signal near 1692 yesterday low.
3. Aggressive traders may try to sell 1702 or above, stop 1707, profit 1697/1692.
*FKLI Margin Requirement*
Overnight MYR 4000
Spread MYR 500
Disclaimer: Idea sharing only, trade at your own risk.
Please SHARE & SUBSCRIBE our YOUTUBE channel for latest FREE videos !!!
https://www.youtube.com/channel/UCnOB_UmIXe3OTE2SgiK9kpg
Join our other channels to find out more about futures trading !!!
Telegram link:
https://t.me/investorsdoctoracademy
Facebook link:
https://m.facebook.com/investorsdoctoracademy