Johnkiew

FKLI - Potential retracement to Sell

Short
MYX:FKLI1!   FTSE Bursa Malaysia KLCI Futures
In Daily chart (left chart), current price did not breakup 1804, this suggest the market remain in correction zone while bias to the downside. The current rally will be reverse if price trade below 1793.5. With Dow trading near 1% below Friday 17:15, FKLI likely to open gap down.

Stay Tune for price projection after first swing has formed. Trader please watch out following price level for potential support resistance & price indication:

Resistance : 1800 & 1804
Support : 1792 & 1785
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.