20/3/2019
*FKLI Mar 19*
Previous Close: 1683.5 -6
FKLI closed lower yesterday to retest 1680 level ahead of inflation rate data. US stock market down slightly last night, FKLI likely to move in range.
Hourly chart showed FKLI retreated from 50% Fibo retracement level of swing 1729.5-1656, close below 1680 to trigger more downside.
*Classic Support & Resistance*
Resistance: 1698.5 1709.5
Support: 1666 1656
*Recommend Trading Plan for the day*
1. Sell 1680, stop 1683, profit 1677/1674/1671.
*FKLI Margin Requirement*
Overnight MYR 4000
Spread MYR 500
Disclaimer: Idea sharing only, trade at your own risk.
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