22/8/2019
*FKLI Aug 19*
Previous Close: 1585.5 -14
FKLI settled at day low as dragged down by late selling near market close yesterday. US stock market up more than 200pts last night, may limit downside of FKLI.
Hourly chart retreated from 50% Fibo retracement level of swing 1621.5-1576, more to bearish, may retest previous low at near 1570 level.
*Classic Support & Resistance*
Resistance: 1605 1622
Support: 1576 1560
*Recommend Trading Plan for the day*
1. Buy 1587 for rebound, stop 1584, profit 1590/1593/1596
2. Sell 1584, stop 1587, profit 1581/1578/1575
*FKLI Margin Requirement*
Overnight MYR 3000
Spread MYR 500
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