15/10/2019
*FKLI Oct 19*
Previous Close: 1565 +7
FKLI closed higher yesterday as tracking positive sentiment in foreign market. Continue to watch out for further progress of US-China trade talk.
Hourly chart formed a double bottom rebound signal from around 1548 level, which is also RSI bullish divergence, close above 1570 to trigger more upside.
*Classic Support & Resistance*
Resistance: 1580 1590
Support: 1547 1530
*Recommend Trading Plan for the day*
1. Buy 1569, stop 1566, profit 1572/1575
2. If index retrace 1st, look for buy signal near 1554
*FKLI Margin Requirement*
Overnight MYR 3000
Spread MYR 500
Disclaimer: For idea sharing only, trade at your own risk
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