14/5/2019
*FKLI May 19*
Previous Close: 1592.5 -15.5
FKLI closed at new low since Sep 2015 as tracking weakness in foreign market on trade war concerns and pressured by less than expected Msia retail sales data. US stock market fell more than 600pts last night, FKLI may gap down and test support.
Hourly chart formed lower highs & lows, more to bearish, but be cautious as RSI in oversold, may trigger some technical rebound in short term.
*Classic Support & Resistance*
Resistance: 1604 1620
Support: 1580 1570
*Recommend Trading Plan for the day*
1. Sell 1592, stop 1595, profit 1589/1586/1583
*FKLI Margin Requirement*
Overnight MYR 4000
Spread MYR 500
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