23/4/2018

FKLI Apr 18

Previous Close: 1899.5 -9.5

U.S. futures caught a bid in early trading Sunday night. Stocks fell Friday in the U.S. as chipmakers remained under pressure from concerns that smartphone demand has slowed. Treasury 10-year yields reached the highest since 2014. Asian stocks headed for a mixed start, with investors assessing trade discussions amid signs that geopolitical tensions may be easing (Bloomberg)

FKLI retraced from its all time high and closed in “harami” candlestick pattern on Friday. While the entire bullish trend remain intact with signicant breakup of 1876 last week. Trader please monitor the current correction size as suggested by Fibonacci.

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.

*Wave & Fibonacci Projection*

Major Impulsive Swing  : Bullish impulsive wave targeting 1905

Current Swing   : Correction size between 1886 to 1878.

*Classic Support & Resistance*

Resistance: 1900, 1892

Support: 1882, 1878

*Recommend Trading Plan for the day*

1.            As Market in range, move away from 1886 to initiate buy while away from 1878 initiate sell. please wait for real time signal for update.

FKLI Margin Requirement

Intraday     MYR 2000

Overnight  MYR 4000

Spread       MYR 500

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