FKLI
FKLI Spot Month Futures (PM) - 29 Oct 2024
Tue, 29-Oct-2024 01:55 pm
by Dealing Team • Apex Futures

FKLI
Pivot
1613
Resistance
1616 / 1621 / 1625
Support
1611 / 1607 / 1604
Possible Range
1610 to 1630
Strategy
Long positions may be opened above 1613 with targets at 1616/1621 and stop-loss at 1608
Short positions may be opened below 1613 with targets at 1611/1607 and stop-loss at 1618

FKLI Oct month rose 7 points or 0.44% to closed higher at 1613 on midday session. The FBM KLCI closed the morning session on a positive note, buoyed by strong gains in YTL Power, YTL Corp, and Maybank.

We remain our view that FKLI could trading in upside bias on technical buying, upside could be limited as the daily chart formation remains bearish sign. If the index could break above 1616, we might see further higher. The immediate support and resistance levels are identified at 1611 and 1616 respectively.

(News Source: The Star)

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