17/10/2019
*FKLI Oct 19*
Previous Close: 1572 +5
FKLI closed at 2 week high which is above 1570 level as tracking rebound in foreign market. US stock market took some profit last night, FKLI may trade in range today.
Hourly chart formed a double bottom rebound signal from around 1548 level, which is also RSI bullish divergence, close above 1576 to trigger more upside.
*Classic Support & Resistance*
Resistance: 1590 1605
Support: 1560 1547
*Recommend Trading Plan for the day*
1. Buy 1576, stop 1573, profit 1579/1582
2. Sell 1570, stop 1573, profit 1567/1564
*FKLI Margin Requirement*
Overnight MYR 3000
Spread MYR 500
Disclaimer: For idea sharing only, trade at your own risk
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