15/5/2019
*FKLI May 19*
Previous Close: 1602.5 +10
FKLI rebounded strongly from 1570 level to above 1600 as tracking gains in foreign market after trade war tension eased, but be cautious as foreign fund remain as net seller. US stock market up more than 200pts last night, FKLI may gap up and test rebound.
Hourly chart formed higher highs & lows from outside of BB and RSI oversold, testing rebound, watch out 38.2-50% Fibo retracement level.
*Classic Support & Resistance*
Resistance: 1620 1633.5
Support: 1588.5 1573
*Recommend Trading Plan for the day*
1. Buy 1603, stop 1600, profit 1606/1609/1612
2. Look for sell signal if unable to sustain above 1600
*FKLI Margin Requirement*
Overnight MYR 4000
Spread MYR 500
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