11/6/2019
*FKLI Jun 19*
Previous Close: 1654.5 +4
FKLI closed to its highest since end of Mar 19 as tracking strength in foreign market. US market up near 80pts last night, likely to support FKLI. Watch out for Msia's retail sales & industrial production Apr 19 data on 12pm today.
Hourly chart showed FKLI testing above 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: 1669.5 1694.5
Support: 1636 1615.5
*Recommend Trading Plan for the day*
1. Buy 1657, stop 1654, profit 1660/1663/1666
2. Sell 1650 for technical correction, stop 1653, profit 1647/1644/1641
*FKLI Margin Requirement*
Overnight MYR 4000
Spread MYR 500
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