23/4/2019
*FKLI Apr 19*
Previous Close: 1621.5 -5.5
FKLI erased its previous gains and dropped back to test 1620 level on pressure of foreign fund selling and profit taking in foreign market.
Hourly chart showed FKLI resume its sideway to lower trend, testing 38.2 Fibo retracement level of swing 1609.5-1634, close below 1619 likely to retest 1609.5 previous low.
*Classic Support & Resistance*
Resistance: 1634 1640.5
Support: 1609.5 1600
*Recommend Trading Plan for the day*
1. If index rebound 1st, look for sell signal around 1630
*FKLI Margin Requirement*
Overnight MYR 4000
Spread MYR 500
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