24/12/2019
*FKLI Dec 19*
Previous Close: 1612 +4
FKLI marked 5 sessions of gains in a row on momentum of year end window dressing. US stock market rose near 100pts last night, FKLI gap up slightly to test yesterday high.
Hourly chart formed higher highs & lows, more to bullish, but be cautious as RSI in overbought.
*Classic Support & Resistance*
Resistance: 1620 1630
Support: 1600 1590
*Recommend Trading Plan for the day*
1. If index retreat, buy 1606, stop 1603, profit 1609/1612/1615
*FKLI Margin Requirement*
Overnight MYR 3000
Spread MYR 500
Disclaimer: For idea sharing only, trade at your own risk
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