25/2/2019
FKLI Feb 19
Previous Close: 1721.5 -4
FKLI closed lower on last Friday on profit taking, yet hold above 1720 level. US stock market up more than 180pts, FKLI likely gap up and retest 1730 level.
Hourly chart formed a RSI overbought technical correction, which is also retreat from 50% Fibo retracement level of swing 1828.5-1631.5. Overall trend remains in a rebound stage.
Classic Support & Resistance
Resistance: 1729.5 1739.5 1749.5
Support: 1714.5 1708.5 1699
Recommend Trading Plan for the day:
1. Look for buy signal above 1730.
2. If expect FKLI to track gains in US market, buy 1723, stop 1720, profit 1726/1729.
FKLI Margin Requirement
Overnight MYR 4000
Spread MYR 500
Disclaimer: Idea sharing only, trade at your own risk.
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