6/8/2019
*FKLI Aug 19*
Previous Close: 1603.5 -15
FKLI closed at day low yesterday, testing 1600 support level on US-China trade concerns. US stock market fell more than 700pts last night while futures down more than 300pts this morning, FKLI likely gap down and test lower low.
Hourly chart formed lower highs & lows, more to bearish, may test previous low at around 1570 level, but be cautious as RSI in oversold.
*Classic Support & Resistance*
Resistance: 1616 1636
Support: 1590 1570
*Recommend Trading Plan for the day*
1. Sell 1604, stop 1607, profit 1601/1598/1595
*FKLI Margin Requirement*
Overnight MYR 3000
Spread MYR 500
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