11/10/2019
*FKLI Oct 19*
Previous Close: 1551 -6.5
FKLI ended lower to test 1550 support level ahead of Malaysia Budget today. US stock market rose around 150pts last night, likely to limit downside of FKLI. Watch out for Malaysia unemployment rate, industrial production & retail sales data on 12pm today.
Hourly chart formed lower highs & lows, more to bearish, but watch out for potential RSI bullish divergence.
*Classic Support & Resistance*
Resistance: 1560 1570
Support: 1540 1530
*Recommend Trading Plan for the day*
1. Sell 1547, stop 1550, profit 1544/1541
2. Trade in range 1540-1560
*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