22/2/2019
*FKLI Feb 19*
Previous Close: 1727 +19.5
FKLI hit more than 3 months high as led by strong rebound in index stocks. US stock market up more than 60pts last night, FKLI likely continue its rebound stage.
Daily chart formed 2nd long white candle, marked a bullish momentum yo test immediate previous high at 1729, which is also 50% Fibo retracement level of swing 1828.5-1631.5. 4H chart's BB expanding upside while RSI & MACD crossing up, more to bullish, but be cautious as RSI in overbought, may see some profit taking before it going higher.
*Classic Support & Resistance*
Resistance: 1729 1739.5 1749.5
Support: 1717.5 1708.5 1699
*Recommend Trading Plan for the day:*
1. Look for buy signal above 1730.
*FKLI Margin Requirement*
Overnight MYR 4000
Spread MYR 500
Disclaimer: Idea sharing only, trade at your own risk.
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