20/2/2019
*FKLI Feb 19*
Previous Close: 1707.5 +18
FKLI jumped to above 1700 with a strong gain yesterday on the back of positive performance in foreign index market. US stock market was almost unchanged yesterday, FKLI may trade in range 1st.
4H chart showed FKLI testing to break out from sideway, which is also 38.2 Fibo retracement level of swing 1828.5-1631.5, wait for confirmation. Trade with cautious as RSI in overbought.
*Classic Support & Resistance*
Resistance: 1729 1749.5
Support: 1688 1676.5
*Recommend Trading Plan for the day:*
1. Buy 1709, stop 1705, profit 1713/1717.
*FKLI Margin Requirement*
Overnight MYR 4000
Spread MYR 500
Disclaimer: Idea sharing only, trade at your own risk.
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