4/7/2019
*FKLI Jul 19*
Previous Close: 1692.5 -6
FKLI experienced some profit taking yesterday, but overall foreign market sentiment is more to bullish, likely to limit downside of FKLI. Watch out for Msia balance of trade May 19 data on 12pm today.
Hourly chart showed FKLI in technical correction from RSI overbought, but trend is still more to bullish as supported by higher highs & lows.
*Classic Support & Resistance*
Resistance: 1700 1710
Support: 1680 1670
*Recommend Trading Plan for the day*
1. Buy 1693, stop 1690, profit 1696/1699
2. Look for buy signal above 1700
3. Look for further technical correction sell signal below 1680
*FKLI Margin Requirement*
Overnight MYR 4000
Spread MYR 500
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