1/3/2019

*FKLI Mar 19*

Previous Close: 1699.5 -10.5

FKLI closed lower to test 1700 support level as weighed down by weaker index stocks after release of quarter earnings reports. US stock market down slightly yesterday, FKLI may move in range 1st. Msia Nikkei manufacturing PMI Feb 19 recorded at 47.6, below forecast of 49.

Hourly chart showed technical correction continue in a rebound stage while technical indicators crossing down to test oversold zone, close below 1700 to trigger more downside.

*Classic Support & Resistance*
Resistance: 1712 1725
Support: 1684 1672.5

*Recommend Trading Plan for the day*
1. Sell 1697, stop 1701, profit 1693/1689.
2. Look for buy signal above 1705.

*FKLI Margin Requirement*
Overnight MYR 4000
Spread MYR 500

Disclaimer: Idea sharing only, trade at your own risk.

Please SHARE & SUBSCRIBE our YOUTUBE channel for latest FREE futures trading videos !!!

https://www.youtube.com/channel/UCnOB_UmIXe3OTE2SgiK9kpg

Join our FREE channels to find out more on futures trading !!!

Telegram link:
https://t.me/investorsdoctoracademy

Facebook link:
https://m.facebook.com/investorsdoctoracademy

Or reach out to our contact number +601153537589