10/6/2019
*FKLI Jun 19*
Previous Close: 1650.5 +6.5
FKLI retested above 1650 level as supported by recovery in foreign market. US market up more than 260pts and futures up more than 80pts this morning, FKLI may gap up and continue to test rebound.
Hourly chart showed FKLI retest 50% Fibo retracement level of swing 1729.5-1573 which is around 1651.5, more to bullish but watch out for potential RSI bearish divergence.
*Classic Support & Resistance*
Resistance: 1656.5 1669.5
Support: 1636 1615.5
*Recommend Trading Plan for the day*
1. Buy 1654, stop 1651, profit 1657/1660/1663
*FKLI Margin Requirement*
Overnight MYR 4000
Spread MYR 500
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