1/8/2019
*FKLI Jul 19*
Previous Close: 1629 -12.5
FKLI hit 2 month low ahead of FOMC meeting as pressured by heavy selling, mainly banking stocks.
4H chart formed lower highs & lows, may test 38.2 Fibo retracement level of swing 1573-1700 around 1620 level, but watch out as RSI in oversold.
*Classic Support & Resistance*
Resistance: 1643 1664
Support: 1615 1590
*Recommend Trading Plan for the day*
1. Sell 1625, stop 1628, profit 1622/1619/1616
*FKLI Margin Requirement*
Overnight MYR 3000
Spread MYR 500
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