24/1/2019
*FKLI Jan 19*
Previous Close: 1694.5 -4.5
FKLI failed to hold above 1700 level and closed slightly lower yesterday but US stock market rose more than 170pts overnight, expect to support FKLI. Watch out for Msia inflation rate on 12pm & interest rate decision on 3pm today.
Hourly chart formed ascending triangle pattern, wait for breakout, while RSI & MACD are slightly bullish.
*Classic Support & Resistance*
Resistance: 1703 1713 1729
Support: 1684 1664
*Recommend Trading Plan for the day:*
1. Look for buy signal above 1703.
2. If index retrace 1st, look for buy signal near 1690 support.
*FKLI Margin Requirement*
Overnight MYR 4000
Spread MYR 500
Disclaimer: Idea sharing only, trade at your own risk.
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