5/8/2019
*FKLI Aug 19*
Previous Close: 1618.5 -16.5
FKLI hit more than 2 month low as pressured by US-China tensions. US stock market fell nearly 100pts on last Friday and futures extended its losses this morning, FKLI may continue to test support.
Hourly chart formed lower highs & lows, more to bearish, but be cautious of potential RSI bullish divergence.
*Classic Support & Resistance*
Resistance: 1640 1664
Support: 1615 1590
*Recommend Trading Plan for the day*
1. Sell 1618, stop 1621, profit 1615/1613/1610
*FKLI Margin Requirement*
Overnight MYR 3000
Spread MYR 500
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