8/1/2019
*FKLI Jan 19*
Previous Close: 1683.5 +9.5
FKLI settled higher yesterday as tracking recovery in foreign market. US stock market rose nearly 100pts last night, FKLI likely to gap up and test yesterday high.
Hourly chart showed FKLI move in between 38.2-61.8 Fibo retracement level of swing 1703-1664, wait for mroe breakout signal.
*Classic Support & Resistance*
Resistance: 1690.5 1703
Support: 1677 1664
*Recommend Trading Plan for the day:*
1. If expect FKLI to track strength in DJI, buy 1685, stop 1681, profit 1689/1694.
2. Look for buy signal above 1690.5.
3. Look for sell signal below 1677.
*FKLI Margin Requirement*
Overnight MYR 4000
Spread MYR 500
Disclaimer: Idea sharing only, trade at your own risk.
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