FKLI - Potential retracement to SellIn 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
FTSE Bursa Malaysia KLCI Futures
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Trade ideas
FKLI - Crucial Support 1767.5FKLI correction come to crucial support level (see left chart arrows), trader please monitor this price level for clues of direction, below 1767.5 will see market continue selling to 1729.5 As higher timeframe suggest on the left side, the market trading in correction phase.
If market rebound from 1767.5, the resistance to be see between 1776.5 to 1774. Price further this range indicate a stronger rebound.
FKLI - Sideway around 1790.5FKLI have not moving our from range 1785 - 1796 since 5 Sep. In the daily chart, this price zone was crucial support at 61.8% of previous impulsive swing. In FBM KLCI chart, price did not breakaway the 61.8% (1794). Expecting FKLI to continue sideway until breakout from the range. While without higher high set up, the entire picture remain bearish.









