30/5/2019
*FKLI May 19*
Previous Close: 1619 +7
Please be noted that May 19 will be expired by end of this week, traders may choose to trade Jun 19. FKLI up for 2nd day to test 1620 level despite foreign fund selling and weaker foreign market. US stock market fell more than 200pts again on yesterday, may limit upside of FKLI.
Hourly chart showed FKLI breakout from short term sideway, triggered more rebound signal, but watch out as RSI approaching overbought.
*Classic Support & Resistance*
Resistance: 1650 1660
Support: 1590 1570
*Recommend Trading Plan for the day*
1. Buy 1623, stop 1620, profit 1626/1629
2. Sell 1615, stop 1618, profit 1612/1609
*FKLI Margin Requirement*
Overnight MYR 4000
Spread MYR 500
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