27/2/2019
*FKLI Feb 19*
Previous Close: 1716.5 -9
Please be noted that Feb 19 contract will be expired on this Thurs 28/2, traders may choose to trade Mar 19. FKLI fell to below 1720 yesterday as tracking weakness in foreign market. US stock market down slightly last night, FKLI may continue to move in range 1st, wait for breakout.
Hourly chart showed FKLI entered consolidation from RSI overbought, which is also 50% Fibo retracement level of swing 1828.5-1631.5, close below 1714.5 to trigger more downside.
*Classic Support & Resistance*
Resistance: 1729.5 1739.5
Support: 1708.5 1699
*Recommend Trading Plan for the day:*
1. Sell 1714, stop 1717, profit 1711/1708/1705.
2. Look for buy signal above 1720
*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