30/1/2018
FKLI Feb 18
Previous Close: 1872 +15
FKLI closed higher yesterday, approaching historical high, boosted by
strong MYR, global bullish sentiment and foreign fund buying. US stock
market had a correction, later FKLI may have profit taking 1st before
continue its bull rally.
Both daily chart & hourly chart show FKLI in bullish trend but also in RSI overbought, be cautious of profit taking.
Price Level to monitor today:
Resistance : 1875 1885
Support : 1868 1862 1858
Recommend Trading Plan for the day:
1. Buy 1875, stop 1870, profit 1880/1885.
2. If price retrace 1st, buy 1868 or below, stop 1861, profit 7pts or above.
FKLI Margin Requirement
Intraday MYR 1750
Overnight MYR 3500
Spread MYR 500
Disclaimer: Idea for sharing purpose, trade at your own risk.
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