8/3/2019
*FKLI Mar 19*
Previous Close: 1679.5 +1
FKLI closed in flat with foreign fund selling, but US stock extended its losses for around 200pts last night, FKLI may gap down and test support.
Hourly chart's candles below middle line of BB and testing 50% Fibo retracement level of swing 1631.5-1729.5 which is around 1680 level, close below 1676.5 to trigger more downside.
*Classic Support & Resistance*
Resistance: 1690 1698.5
Support: 1676.5 1664
*Recommend Trading Plan for the day*
1. Sell 1676, stop 1680, profit 1672/1668/1664.
*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