4/6/2019
FKLI Jun 19
Previous Close: 1649.5 +4
FKLI closed at near 2 month high yesterday despite weakness in foreign index market and below than expected Msia manufacturing PMI & balance of trade. US market recovered its earlier losses and close with small gains, FKLI may continue to test resistance 1st.
Daily chart showed FKLI to test 50% - 61.8% Fibo retracement level which is around 1650-1670, close above 1650 to trigger more rebound, but be cautious of RSI bearish divergence in hourly chart.
Classic Support & Resistance
Resistance: 1656.5 1669.5
Support: 1636 1626
Recommend Trading Plan for the day
1. Buy 1651, stop 1648, profit 1654/1657
2. Sell 1647 for technical correction, stop 1650, profit 1644/1641
FKLI Margin Requirement
Overnight MYR 4000
Spread MYR 500
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