31/7/2019
*FKLI Jul 19*
Previous Close: 1641.5 -9
FKLI erased its previous gains to test 1640 support level again ahead of Msia public holiday. US stock market mostly unchanged last night, FKLI likely to continue move in range.
4H chart formed lower highs & lows, may test 38.2-5 Fibo retracement level of swing 1573-1700, but watch out for potential RSI bullish divergence.
*Classic Support & Resistance*
Resistance: 1664 1674
Support: 1633 1615
*Recommend Trading Plan for the day*
1. Buy 1641 for technical rebound, stop 1638, profit 1644/1647
2. Sell 1638, stop 1641, profit 1635/1632
*FKLI Margin Requirement*
Overnight MYR 3000
Spread MYR 500
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