19/8/2019
*FKLI Aug 19*
Previous Close: 1593 +7
FKLI closed higher on last friday as tracking rebound in foreign market. US stock market up more than 300pts last friday and futures up more than 100pts this morning, FKLI may gap up and test resistance level.
Hourly chart formed a more to bearish wave, below 1570 to trigger more downside, but be cautious of potential RSI bullish divergence.
*Classic Support & Resistance*
Resistance: 1605 1621
Support: 1576 1560
*Recommend Trading Plan for the day*
1. Buy 1598 for rebound, stop 1595, profit 1601/1604/1607
*FKLI Margin Requirement*
Overnight MYR 3000
Spread MYR 500
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