15/7/2019
*FKLI Jul 19*
Previous Close: 1668 -15
FKLI fell sharply to below 1670 on last Friday despite more to bullish foreign market, as weighed down by foreign fund selling. US stock market rose more than 200pts, but FKLI open in flat this morning.
Daily chart showed FKLI testing 61.8 Fibo retracement level around 1670 level while hourly chart in RSI oversold, watch out for any technical rebound.
*Classic Support & Resistance*
Resistance: 1690 1700
Support: 1650 1630
*Recommend Trading Plan for the day*
1. Sell 1667, stop 1670, profit 1664/1661
*FKLI Margin Requirement*
Overnight MYR 4000
Spread MYR 500
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