31/12/2019
*FKLI Jan 20*
Previous Close: 1622 +7.5
FKLI closed above 1620 level for year end rally. US stock market dropped more than 180pts last night, FKLI may gap down and test technical correction.
Hourly chart formed higher highs & lows, more to bullish, but be cautious of RSI bearish divergence.
*Classic Support & Resistance*
Resistance: 1625 1635
Support: 1615 1600
*Recommend Trading Plan for the day*
1. Sell 1620, stop 1623, profit 1617/1614/1611
2. Buy 1626, stop 1623, profit 1629/1632/1635
*FKLI Margin Requirement*
Overnight MYR 3000
Spread MYR 500
Disclaimer: For idea sharing only, trade at your own risk
JOIN US to discover more about FUTURES TRADING !!!
YouTube link:
https://www.youtube.com/channel/UCnOB_UmIXe3OTE2SgiK9kpg
Telegram link:
https://t.me/investorsdoctoracademy
Facebook link:
https://www.facebook.com/investorsdoctoracademy
Whatsapp link:
https://api.whatsapp.com/send?phone=601153537589