10/5/2019
*FKLI May 19*
Previous Close: 1616.5 -16.5
FKLI fell sharply yesterday as market stay cautious ahead of US-China trade talk. US stock market fell more than 130pts yesterday but futures up more than 100pts this morning, FKLI may test rebound 1st. Watch out for Msia construction output, industrial production, retail sales and unemployment rate on 12pm.
4H chart showed FKLI entered range after a RSI bullish divergence, wait for more breakout.
*Classic Support & Resistance*
Resistance: 1628.5 1633.5 1645
Support: 1609.5 1600
*Recommend Trading Plan for the day*
1. If assume FKLI to track gains in US market, buy 1617, stop 1614, profit 1620/1623/1626.
2. Look for sell signal below 1610
*FKLI Margin Requirement*
Overnight MYR 4000
Spread MYR 500
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