19/7/2019
*FKLI Jul 19*
Previous Close: 1651.5 -7.5
FKLI extended losses to test 1650 support level yesterday as tracking weaker foreign market, but US stock market rebounded for nearly 100pts this morning, may limit downside of FKLI.
4H chart break down from head & shoulder bearish pattern and testing 61.8 Fibo retracement level around 1650 while RSI in oversold zone, be cautious of potential technical rebound.
*Classic Support & Resistance*
Resistance: 1664 1674
Support: 1647 1633
*Recommend Trading Plan for the day*
1. Sell 1649, stop 1652, profit 1646/1643
*FKLI Margin Requirement*
Overnight MYR 4000
Spread MYR 500
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