FKLI
FKLI Spot Month Futures (PM) - 17 Jan 2025
Fri, 17-Jan-2025 02:25 pm
by Dealing Team • Apex Futures

FKLI
Pivot
1547
Resistance
1553 / 1558 / 1563
Support
1547 / 1543 / 1538
Possible Range
1545 to 1565
Strategy
Long positions may be opened above 1547 with targets at 1553/1558 and stop-loss at 1542
Short positions may be opened below 1547 with targets at 1543/1538 and stop-loss at 1552

FKLI Jan month rose 0.5 point or 0.03% to closed slightly higher at 1551 on midday session. The benchmark FBM KLCI changed gears in late-morning trade to bounce higher, raising hopes the benchmark will end the week with a partial retracement of earlier losses.

The FKLI trading lower in opening and reached the intraday low at 1536, thereafter follow by a buy back, we expect potential of further technical buying, with resistant see at 1553 to 1555, if breaking above likely further higher. Beware that the bigger picture remains bearish and upside could be limited. Beware of any sentiment changes. Immediate support and resistance levels are identified at 1547 and 1553 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 3.952219 3.979032
EUR 4.632284 4.636049
CNY 0.579684 0.580150
HKD 0.504395 0.507834
SGD 3.092296 3.113419