7/6/2019
FKLI Jun 19
Previous Close: 1644 -5.5
FKLI closed slightly lower ahead of holiday, but US showed a strong rebound for more than 800pts since 4 June, FKLI may gap up and test resistance.
Hourly chart showed FKLI retreated from 50% Fibo retracement level of swing 1729.5-1573 which is around 1651.5 with RSI bearish divergence, required to close above 1650 to trigger more rebound.
Classic Support & Resistance
Resistance: 1656.5 1669.5
Support: 1636 1626
Recommend Trading Plan for the day
1. Buy 1645, stop 1642, profit 1648/1651
2. Look for buy signal above 1653
FKLI Margin Requirement
Overnight MYR 4000
Spread MYR 500
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