1/11/2019
*FKLI Nov 19*
Previous Close: 1591 +9.5
FKLI extended its gains to its highest since mid of Sept 2019 as boosted by more to bullish foreign market, and strong rebound in banking stocks after US cut interest rate further. US stock market down more than 100pts, FKLI may see some profit taking.
4H chart testing to breakout from short term sideway , may retest 1600 level, but be cautious as RSI in overbought.
*Classic Support & Resistance*
Resistance: 1605 1622
Support: 1581 1563
*Recommend Trading Plan for the day*
1. If index retrace 1st, buy 1584, stop 1581, profit 1587/1590/1593
*FKLI Margin Requirement*
Overnight MYR 3000
Spread MYR 500
Disclaimer: For idea sharing only, trade at your own risk
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