FKLI
FKLI Spot Month Futures (PM) - 4 Dec 2024
Wed, 04-Dec-2024 02:11 pm
by Dealing Team • Apex Futures

FKLI
Pivot
1612
Resistance
1617 / 1621 / 1625
Support
1612 / 1608 / 1604
Possible Range
1608 to 1628
Strategy
Long positions may be opened above 1612 with targets at 1617/1621 and stop-loss at 1607
Short positions may be opened below 1612 with targets at 1608/1604 and stop-loss at 1617

FKLI Nov month rose 6.5 points 0.40% to closed higher at 1614.5 on midday session. The FBM KLCI stayed in positive territory at midday, showing signs of increasing momentum after closing above the key 1,600 resistance level in the previous session.

We remain our view the index trading within a downward channel in daily chart, forming upward channel in hourly chart, with the price seems supported above 1609 to 1611, likely to see the index go higher in next session, we remain buy on retracement call. Immediate support and resistance levels are identified at 1612 and 1617, respectively

(News Source: The Star)

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