8/8/2019
*FKLI Aug 19*
Previous Close: 1600.5 -9
FKLI retested 1600 level as pressured by unstable foreign market. US stock market narrowed down losses to 20+pts only, but still lower than FKLI closing at 5pm yesterday, may limit FKLI's upside.
Hourly chart formed a technical rebound from RSI oversold, close above 1614 to trigger more upside.
*Classic Support & Resistance*
Resistance: 1614 1636
Support: 1584 1560
*Recommend Trading Plan for the day*
1. Look for buy signal if index sustain above 1600.
2. Sell 1595, stop 1598, profit 1592/1589.
*FKLI Margin Requirement*
Overnight MYR 3000
Spread MYR 500
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