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Johnkiew
Sep 18, 2018 12:41 AM

FKLI - Potential retracement to Sell Short

FTSE Bursa Malaysia KLCI FuturesMYX

Description

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
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