3/6/2019
*FKLI May 19*
Previous Close: 1645.5 +9
FKLI ended higher on last Friday despite weaker foreign market performance, retest 1650 resistance level. However US stock market fell more than 350pts on last Friday and futures this morning drop another 150pts, FKLI may gap down and test support.
Daily chart showed FKLI to test 50% - 61.8% Fibo retracement level which is around 1650-1670, close above 1650 to trigger more rebound.
*Classic Support & Resistance*
Resistance: 1647 1656.5
Support: 1636 1629
*Recommend Trading Plan for the day*
1. Buy 1648, stop 1645, profit 1651/1654/1657
2. Sell 1641, stop 1644, profit 1638/1635/1632
*FKLI Margin Requirement*
Overnight MYR 4000
Spread MYR 500
Join us to discuss & trade together FKLI, FCPO, WTI Crude Oil, Comex Gold, Mini Dow Jones etc Futures markets !!!
Please SHARE & SUBSCRIBE our YOUTUBE channel for latest FREE futures trading videos !!!
https://www.youtube.com/channel/UCnOB_UmIXe3OTE2SgiK9kpg
Join our FREE channels to find out more on futures trading !!!
Telegram link:
https://t.me/investorsdoctoracademy
Facebook link:
https://www.facebook.com/investorsdoctoracademy
Or reach out to our contact number IDA Investors Doctor Academy
+601153537589