16/10/2019
*FKLI Oct 19*
Previous Close: 1567 +2
FKLI sustain above 1560 level while US closed with more than 200pts of gains overnight, may push up FKLI at opening and continue to test rebound.
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: 1560 1547
*Recommend Trading Plan for the day*
1. Buy 1570, stop 1567, profit 1573/1576/1579
2. If index retrace 1st, look for buy signal near 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