25/4/2019
*FKLI Apr 19*
Previous Close: 1635.5 +9.5
Foreign net bought for 2nd day, pushed Msia stock market higher and also boosted by better than expected Msia inflation rate in Mar 2019. US stock market dropped slightly last night, FKLI may test for profit taking 1st.
Hourly chart showed FKLI move within previous range, wait for more breakout signal.
*Classic Support & Resistance*
Resistance: 1640.5 1659.5
Support: 1619.5 1609.5
*Recommend Trading Plan for the day*
1. If index retrace 1st, buy 1632, stop 1629, profit 1635/1638
2. Look for further buy signal above 1640.5
*FKLI Margin Requirement*
Overnight MYR 4000
Spread MYR 500
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