12/11/2019
*FKLI Nov 19*
Previous Close: 1608.5 -2.5
FKLI traded in tight range yesterday as upside limited by weakening foreign market. On the other hand, US stock market reversed its previous losses at close, expect FKLI to move in range. Watch out for Msia retail sales data on 12pm today.
4H chart formed higher highs & lows, more to bullish, but be cautious as RSI in overbought.
*Classic Support & Resistance*
Resistance: 1622 1636
Support: 1597 1581
*Recommend Trading Plan for the day*
1. Trade in range 1597-1617
*FKLI Margin Requirement*
Overnight MYR 3000
Spread MYR 500
Disclaimer: For idea sharing only, trade at your own risk
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