FKLI
FKLI Spot Month Futures (PM) - 20 Dec 2024
Fri, 20-Dec-2024 02:17 pm
by Dealing Team • Apex Futures

FKLI
Pivot
1592
Resistance
1593 / 1597 / 1601
Support
1589 / 1586 / 1583
Possible Range
1587 to 1607
Strategy
Long positions may be opened above 1589 with targets at 1593/1597 and stop-loss at 1584
Short positions may be opened below 1589 with targets at 1586/1583 and stop-loss at 1594

FKLI Dec month dropped 5 points or 0.31% to closed lower at 1590 on midday session. The FBM KLCI edged higher in early trading on Friday, supported by bargain hunting as investors picked up bargains following the recent losses.

We remain our view that, the FKLI trading below resistant line of a downward channel, now crucial support see at 1589 to 1588 range for upside, supported above could see buying opportunity with limited upside, likely below 1600, if fail to support we might see selling pressure. Immediate support and resistance levels are identified at 1589 and 1593, respectively.

(News Source: The Star)

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Market Mover
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