28/1/2019
*FKLI Jan 19*
Previous Close: 1701 +5
Please be noted that Jan 19 contract will be expired on Thurs (31/1), traders may choose to trade Feb 19. FKLI retest above 1700 level on the back of rebound in foreign market. US stock market up more than 180pts last Friday, FKLI may gap up and test resistance 1st.
Hourly chart's technical indicators crossing up, expect to see more upside if index able to hold above 1700 level.
*Classic Support & Resistance*
Resistance: 1713 1729
Support: 1687.5 1678.5
*Recommend Trading Plan for the day:*
1. Buy 1705, stop 1700, profit 1710/1715.
*FKLI Margin Requirement*
Overnight MYR 4000
Spread MYR 500
Disclaimer: Idea sharing only, trade at your own risk.
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