14/11/2019
*FKLI Nov 19*
Previous Close: 1593.5 -19.5
FKLI fell sharply to 2 week low as dragged down by unrest Hong Kong chaos and uncertainties over US-China trade deal. US stock market bounced back near 100pts last night, FKLI may test resistance level today.
Hourly chart broke down from double top pattern, which is also RSI bearish divergence, testing technical correction and trigger more downside if it close below 1590.
*Classic Support & Resistance*
Resistance: 1605 1620
Support: 1580 1570
*Recommend Trading Plan for the day*
1. If index rebound, sell 1602, stop 1605, profit 1599/1596
2. Sell 1592, stop 1595, profit 1589/1586
*FKLI Margin Requirement*
Overnight MYR 3000
Spread MYR 500
Disclaimer: For idea sharing only, trade at your own risk
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