07 September 2018 (Friday)
FKLI
FKLI closed higher for 7.5-pts at 1793.5, partially resulted from the profit-taking activities lasted from Wednesday when market tumbled for more than 1%. However, the market was basically traded at very tight range yesterday as the long weekends for the Malaysian is coming very soon, due to the public holidays on the coming Monday and Tuesday. Hence, traders normally would choose to observe the market without holding any position over the long holidays.
Today, the movement of global overnight main indices markets were generally closed lower, despite Dow which close slightly higher for about 21-pts or 0.08%. Hence, we may expect FKLI to continue trading in tight range ahead of the long weekend.
Today's planning:
Plan A: Consider selling if market rebounds but resisted before 1800, cut above 1805.
Plan B: Attempt buying if market supported well above 1788, cut below 1785.
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