22/2/2019
*FKLI Feb 19*
Previous Close: 1725.5 -1.5
FKLI managed to hold above 1720 yesterday as supported by late buying. However, US stock market down more than 100pts last night, may see some profit taking in Msia market. Today watch out for Msia inflation rate on 12pm.
With price sustain at high, trend remain bullish to test immediate previous high at around 1730, which is also 50% Fibo retracement level of swing 1828.5-1631.5, but be cautious as RSI in overbought.
*Classic Support & Resistance*
Resistance: 1729.5 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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Created by InvestorsDoctor | Dec 30, 2019