21/3/2019
*FKLI Mar 19*
Previous Close: 1681 -2.5
FKLI closed slightly lower yesterday ahead of FOMC meeting. US stock market fell more than 140pts last night after FOMC dovish outlook but futures up more than 70pts this morning, FKLI likely to move in range.
Hourly chart showed FKLI close below 38.2% Fibo retracement level of swing 1656-1694.5 which is around 1670 to trigger more downside, close below 1680 to trigger more downside, with daily trend in sideway.
*Classic Support & Resistance*
Resistance: 1694.5 1698.5 1705
Support: 1666 1656
*Recommend Trading Plan for the day*
1. Trade in range 1670-1690.
*FKLI Margin Requirement*
Overnight MYR 4000
Spread MYR 500
Disclaimer: Idea sharing only, trade at your own risk.
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