24/12/2018
*FKLI Dec 18*
Previous Close: 1665 +15.5
FKLI closed with a strong gain on last Friday as supported by late buying but be cautious as foreign fund remain as net seller. US stock market fell more than 400pts, FKLI likely to gap down and test support.
Hourly chart formed a technical rebound but weak foreign market performance likely to limit its upside, required to close above 1676 to trigger further rebound signal, and close below 1640 may trigger more downside.
*Classic Support & Resistance*
Resistance: 1676 1692
Support: 1654.5 1638.5
*Recommend Trading Plan for the day:*
1. If expect FKLI to track weakness in DJI, sell 1665 or above, stop 1669, profit 1661/1657/1653.
2. Look for buy signal above 1668.
*FKLI Margin Requirement*
Overnight MYR 4000
Spread MYR 500
Disclaimer: Idea sharing only, trade at your own risk.
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