19/3/2019
*FKLI Mar 19*
Previous Close: 1689.5 +13
FKLI rose to 2 weeks high to test 1690 level as lifted by return of foreign fund buying and as tracking strength in global market. US stock market up more than 60pts last night, FKLI may continue to test rebound.
Hourly chart formed higher highs & lows to test 50%-61.8% Fibo retracement level of swing 1729.5-1656, which is around 1693 & 1702. Trade with cautious as RSI in overbought.
*Classic Support & Resistance*
Resistance: 1698.5 1709.5
Support: 1679 1666
*Recommend Trading Plan for the day*
1. If index retrace 1st, look for buy signal near 1680 support.
*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