25/7/2019
*FKLI Jul 19*
Previous Close: 1645.5 -13
FKLI fell sharply to below 1650 which is also more than 1 month low as dragged down by heavy selling in Petronas related stocks.
4H chart showed index below 61.8 Fibo retracement level of swing 1573-1700, may test 38.2-50 level around 1621-1636, and be cautious as hourly chart in RSI oversold zone.
*Classic Support & Resistance*
Resistance: 1664 1674
Support: 1633 1615
*Recommend Trading Plan for the day*
1. Sell 1645, stop 1648, profit 1642/1638
*FKLI Margin Requirement*
Overnight MYR 3000
Spread MYR 500
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