9/8/2019
FKLI Aug 19
Previous Close: 1615 +14.5
FKLI recovered from low and closed at day high yesterday as tracking rebound in foreign market. US stock market extended its gains by near 400pts last night, FKLI may gap up and test resistance level. Watch out for Msia unemployment rate, construction output & industrial production data on 12pm today.
Hourly chart continue rebound from RSI oversold, close above 1620 to trigger more upside.
Classic Support & Resistance
Resistance: 1625 1636
Support: 1605 1596
Recommend Trading Plan for the day
1. Buy 1618, stop 1615, profit 1621/1624/1627
FKLI Margin Requirement
Overnight MYR 3000
Spread MYR 500
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