10/10/2019
*FKLI Oct 19*
Previous Close: 1557.5 +0.5
FKLI pulled back from losses below 1550 level and closed with almost unchanged yesterday. US stock market up more than 180pts last night but drop back more than 200pts this morning due to no progress in US-China trade talk, likely to limit upside of FKLI.
Hourly chart formed lower highs & lows, more to bearish, but watch out for potential RSI bullish divergence.
*Classic Support & Resistance*
Resistance: 1570 1590
Support: 1540 1520
*Recommend Trading Plan for the day*
1. 1548 or 1567 look for breakout signal
2. Sell 1557, stop 1560, profit 1554/1551
*FKLI Margin Requirement*
Overnight MYR 3000
Spread MYR 500
Disclaimer: For idea sharing only, trade at your own risk
Join us to discuss & trade together FKLI, FCPO, WTI Crude Oil, Comex Gold, Mini Dow Jones etc Futures markets !!!
Please SHARE & SUBSCRIBE our YOUTUBE channel for latest FREE futures trading videos !!!
https://www.youtube.com/channel/UCnOB_UmIXe3OTE2SgiK9kpg
Join our FREE channels to find out more on futures trading !!!
Telegram link:
https://t.me/investorsdoctoracademy
Facebook link:
https://www.facebook.com/investorsdoctoracademy
Or reach out to our contact number IDA Investors Doctor Academy
+601153537589