FKLI
FKLI Spot Month Futures (PM) - 16 August 2024
Fri, 16-Aug-2024 01:55 pm
by Dealing Team • Apex Futures

FKLI
Pivot
1624
Resistance
1631 / 1636 / 1640
Support
1621 / 1618 / 1613
Possible Range
1610 to 1630
Strategy
Long positions may be opened above 1624 with targets at 1631/1636 and stop-loss at 1619
Short positions may be opened below 1624 with targets at 1621/1618 and stop-loss at 1629

FKLI Aug month rose 8 point or 0.49% to closed higher at 1624.5 on midday session. The Bursa Malaysia benchmark ended the morning session with a five-point gain, positioning itself to finish the week with six straight days of recovery.

The FKLI likely to continue to trade higher if supported above 1623 to 1624, beware of any profit taking activities. The immediate support and resistance levels are identified at 1621 and 1631, respectively.

(News Source: The Star)

Read more details in:

Disclaimer

The report is for internal and private circulation only and shall not be reproduced either in part or otherwise without the prior written consent of Apex Securities Berhad. The opinions and information contained herein are based on available data believed to be reliable. It is not to be construed as an offer, invitation or solicitation to buy or sell the securities covered by this report.

Opinions, estimates and projections in this report constitute the current judgment of the author. They do not necessarily reflect the opinion of Apex Securities Berhad and are subject to change without notice. Apex Securities Berhad has no obligation to update, modify or amend this report or to otherwise notify a reader thereof in the event that any matter stated herein, or any opinion, projection, forecast or estimate set forth herein, changes or subsequently becomes inaccurate.

Apex Securities Berhad does not warrant the accuracy of anything stated herein in any manner whatsoever and no reliance upon such statement by anyone shall give rise to any claim whatsoever against Apex Securities Berhad. Apex Securities Berhad may from time to time have an interest in the company mentioned by this report. This report may not be reproduced, copied or circulated without the prior written approval of Apex Securities Berhad.

Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.186344 4.224837
EUR 4.692802 4.707788
CNY 0.594564 0.595974
HKD 0.537155 0.542118
SGD 3.243708 3.273864