FKLI
FKLI Spot Month Futures - 22 January 2024
Mon, 22-Jan-2024 08:50 am
by Dealing Team • Apex Futures

FKLI
Pivot
1485
Resistance
1492 / 1496 / 1507
Support
1481 / 1474 / 1463
Possible Range
1481 to 1496
Strategy
Long positions may be opened above 1485 with targets at 1492/1496 and stop-loss at 1480
Short positions may be opened below 1485 with targets at 1481/1474 and stop-loss at 1490

FKLI Jan month rose 5.5 points or 0.37% to 1487.5 closed higher. Bursa Malaysia snapped three consecutive days of losses to end at its intraday high on Friday on bargain hunting in selected heavyweights led by the financial services and utilities sectors.

Overnight Dow Jones rose 395 points. The S&P 500 posted a record high close on Friday for the first time in two years, fueled by a rally in chipmakers and other heavyweight technology stocks on optimism around artificial intelligence.

Following the bullish performance of the US market, the FKLI could trade higher. A break above 1489 (yesterday's high) would target 1492/1496. On the flip side, the next support is located at 1485 (Pivot), followed by 1481 (S1), and finally 1478 (Yesterday’s low).

FKLI : 富时隆综指于上周五反弹(+0.49%),这与隔夜华尔街收高后区域市场的主要积极趋势一致。

做多策略 :可在1485上方做多,目标价 1492/1496,止损位1480
做空策略 :可在1485下方做空,目标价 1481/1474,止损位1490

(News Source: The Edge; Reuters)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.186344 4.224837
EUR 4.692802 4.707788
CNY 0.594564 0.595974
HKD 0.537155 0.542118
SGD 3.243708 3.273864