6/5/2019
*FKLI May 19*
Previous Close: 1631.5 +7
FKLI showed some rebound on last Friday on foreign fund buying. US stock market rose more than 120pts but futures fell more than 450pts this morning on renewed trade war concerns, FKLI may gap down and test support.
Hourly chart showed FKLI in a sideway to lower trend, close below 1620 to trigger more downside.
*Classic Support & Resistance*
Resistance: 1640.5 1655
Support: 1617 1609.5
*Recommend Trading Plan for the day*
1. Trade in range 1610-1640
2. If expect FKLI to track weakness in US market, sell 1631, stop 1635, profit 1627/1623/1619.
*FKLI Margin Requirement*
Overnight MYR 4000
Spread MYR 500
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