24/4/2018
FKLI Apr 18
Previous Close: 1879.5 -10.5
U.S. stocks ended mixed, with a slump in shares of technology companies weighing on major indexes. The dollar rallied to its highest level in more than three months as the prospect of yields on benchmark U.S. Treasuries reaching 3 percent reignites demand (Bloomberg)
Malaysian shares and the ringgit may today take cue from higher US government bond yields, which led to a stronger US dollar. The spotlight today could be on the lists of GE14 candidates as investors look at market dynamics ahead of the polling day (The Edge)
FKLI retraced from its all time high and closed lower than 1881 suggest market in correction.
FKLI Spread fair value at 3.5, roll over expected to start at this week. Position trader are suggest to roll over around 3.5. Day trader may switch to FKLI May for trading after Wednesday. Open interest in FKLI Apr reduced by 790, FKLI May rise by 799 lots.
*Wave & Fibonacci Projection*
Major Impulsive Swing : Bullish impulsive wave targeting 1905
Current Swing : Correction size between 1886 to 1878. Lower than 1878 will see market heading 1862
*Classic Support & Resistance*
Resistance: 1886, 1891
Support: 1878, 1864
*Recommend Trading Plan for the day*
*FKLI Margin Requirement*
Intraday MYR 2000
Overnight MYR 4000
Spread MYR 500
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Created by InvestorsDoctor | Dec 30, 2019
InvestorsDoctor
First Target Profit hit, +RM200
2018-04-24 09:50