19/4/2018

 

FKLI Apr 18

 

Previous Close: 1881 +2.5

 

The S&P 500 eked out a small gain while the Dow ended lower after a volatile trading session on Wednesday, with weakness in sectors such as consumer staples and financials offsetting strong gains in the energy and industrial indexes.(Reuters)

 

FKLI positive sentiment remain intact. Foreign and Local have net buy position in cash market while overall volume remain stagnant.  FKLI price move in 12 range after hitting high 1889. 

 

FKLI Spread fair value at 3.5, roll over expected to start at next week. Position trader are suggest to roll over around 3.5.

 

Wave & Fibonacci Projection

Major Impulsive Swing : Bullish targeting 1905

Current Swing : Correction size between 1889 to 1873

 

Classic Support & Resistance

Resistance: 1889, 1905

Support: 1877 1873  

 

 Recommend Trading Plan for the day

1. Buy stop breakout 1889.5, stop to be confirm 

2. Not recommend to sell as price above 1873

 

 FKLI Margin Requirement

Intraday     MYR 2000

Overnight  MYR 4000

Spread       MYR 500

 

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