9/1/2019
*FKLI Jan 19*
Previous Close: 1675.5 -8
FKLI gap up yesterday but erased its gains during the trading session as mainly pressured by selling of index stocks, despite a recovery in foreign market. US stock market gained more than 250pts last night, likely to limit downside of FKLI.
Hourly chart showed FKLI entered range while technical indicators in neutral, wait for mroe breakout signal. Index move in BB channel, may see some support from lower band of BB.
*Classic Support & Resistance*
Resistance: 1690.5 1703
Support: 1664 1655.5
*Recommend Trading Plan for the day:*
1. If expect FKLI to track strength in DJI, buy 1677, stop 1672, profit 1682/1687.
2. Look for sell signal below 1670.
*FKLI Margin Requirement*
Overnight MYR 4000
Spread MYR 500
Disclaimer: Idea sharing only, trade at your own risk.
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