18/12/2018
*FKLI Dec 18*
Previous Close: 1647 -11
FKLI hit fresh new low since Jan 2017, more bearish as pressured by weak foreign market. US stock market fell more than 500pts last night, FKLI likely to gap down and test previous low.
Hourly chart formed lower highs & lows and close around 1647 previous low, close below this level to trigger more downside to around 1630. but watch out for potential RSI bullish divergence.
*Classic Support & Resistance*
Resistance: 1664.5 1676
Support: 1629 1606.5
*Recommend Trading Plan for the day:*
1. Sell 1643, stop 1648, profit 1638/1633.
*FKLI Margin Requirement*
Overnight MYR 4000
Spread MYR 500
Disclaimer: Idea sharing only, trade at your own risk.
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