FKLI
FKLI Spot Month Futures (PM) - 3 Jan 2025
Fri, 03-Jan-2025 02:11 pm
by Dealing Team • Apex Futures

FKLI
Pivot
1633
Resistance
1633 / 1637 / 1641
Support
1630 / 1626 / 1621
Possible Range
1625 to 1645
Strategy
Long positions may be opened above 1633 with targets at 1637/1641 and stop-loss at 1628
Short positions may be opened below 1633 with targets at 1630/1626 and stop-loss at 1638

FKLI Jan month dropped 7 points or 0.43% to closed lower at 1631 on midday session. The FBM KLCI gave up its earlier gains by midday as investors engaged in profit-taking after a six-day rally during the final days of 2024.

We remain our view that the FKLI index resisted at the area of 1639 to 1640 on profit taking activities due to recent rally. We reckon sell on rebound as main plan, but with limited downside. The resistant see at 1633 to 1634 range, if fail to break above we might see selling opportunity toward 1626 to 1625. Beware of any sentiment changes.       Immediate support and resistance levels are identified at 1630 and 1633, respectively.

(News Source: The Star)

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Market Mover
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