18/3/2019
*FKLI Mar 19*
Previous Close: 1676.5 +6
FKLI closed higher on last Friday on return of foreign fund buying and supported by a rebound in foreign market. US stock market up near 140pts, FKLI may gap up and test above 1680 level.
Hourly chart showed FKLI testing above 1680 level, wait for confirmation. Watch out for 38.2-61.8 Fibo retracement of swing 1729.5-1656 which is around 1684/1693/1701.5.
*Classic Support & Resistance*
Resistance: 1690 1698.5
Support: 1666 1656
*Recommend Trading Plan for the day*
1. Look for buy signal above 1680.
*FKLI Margin Requirement*
Overnight MYR 4000
Spread MYR 500
Disclaimer: Idea sharing only, trade at your own risk.
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