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13/2/2019
*FKLI Feb 19*
Previous Close: 1686.5 +0
FKLI traded in a tight range yesterday and closed with almost unchanged. US stock market jumped near 400pts on tentative deal to avoid government shutdown and US-China trade hopes, expect to support FKLI to gap up today, watch out if the index managed to hold above 1700 level.
4H chart showed FKLI moved in a tight range around 1660-1710, may choose to trade within the range and wait for breakout.
*Classic Support & Resistance*
Resistance: 1706 1729
Support: 1664 1631.5
*Recommend Trading Plan for the day:*
1. Trade in range 1680-1700, wait for breakout.
*FKLI Margin Requirement*
Overnight MYR 4000
Spread MYR 500
Disclaimer: Idea sharing only, trade at your own risk.
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