24/5/2019
*FKLI May 19*
Previous Close: 1601.5 +0
FKLI closed in flat as market stay cautious of trade war tension and foreign fund withdrawal. US stock market fell more than 250pts last night, FKLI may gap down and test support.
Hourly chart continue in lower highs & lows, more to bearish pattern, close below 1600 likely to retest 1570 support level
*Classic Support & Resistance*
Resistance: 1613 1633.5
Support: 1590.5 1573
*Recommend Trading Plan for the day*
1. Sell 1600, stop 1603, profit 1597/1594/1591
2. Look for rebound buy signal above 1613
*FKLI Margin Requirement*
Overnight MYR 4000
Spread MYR 500
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