FKLI
FKLI Spot Month Futures - 23 January 2024
Tue, 23-Jan-2024 08:35 am
by Dealing Team • Apex Futures

FKLI
Pivot
1493
Resistance
1498 / 1502 / 1511
Support
1489 / 1484 / 1475
Possible Range
1489 to 1502
Strategy
Long positions may be opened above 1493 with targets at 1498/1502 and stop-loss at 1488
Short positions may be opened below 1493 with targets at 1489/1484 and stop-loss at 1498

FKLI Jan month rose 6.5 points or 0.44% to 1494 closed higher. Bursa Malaysia closed higher for the second consecutive day on Monday, thanks to bargain-hunting activities in selected heavyweights and small-cap stocks.

Overnight Dow Jones rose 138 points. The S&P 500 posted a second straight record high close on Monday as tech stocks added to recent gains and investors awaited upcoming corporate reports for clues on this year's profit outlook.

Following the bullish performance of the US market, the FKLI could trade higher. A break above 1497 (Yesterday's high) would target 1502/1511. On the flip side, the next support is located at 1493 (Pivot), followed by 1488 (Yesterday’s low), and finally 1484 (S2).

FKLI : 隔夜华尔街收高后,富时隆综指 (+0.32%) 在区域市场表现参差不齐的情况下扩大涨幅。

做多策略 :可在1493上方做多,目标价 1498/1502,止损位1488
做空策略 :可在1493下方做空,目标价 1489/1484,止损位1498

(News Source: The Edge; Reuters)

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 4.186344 4.224837
EUR 4.692802 4.707788
CNY 0.594564 0.595974
HKD 0.537155 0.542118
SGD 3.243708 3.273864