14/6/2019
*FKLI Jun 19*
Previous Close: 1642.5 -10
FKLI down to range low near 1640 level yesterday, followed a selloff in foreign market. US market recovered more than 100pts, FKLI likely to continue move in range. Watch out for Msia unemployment rate on 12pm today.
Hourly chart showed FKLI entered sideway after testing technical correction from RSI bearish divergence, close above 1657 to trigger more upside, while below 1640 likely to form a head & shoulder bearish pattern.
*Classic Support & Resistance*
Resistance: 1656.5 1669.5
Support: 1626 1615.5
*Recommend Trading Plan for the day*
1. Trade in range 1640-1660
*FKLI Margin Requirement*
Overnight MYR 4000
Spread MYR 500
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