FKLI
FKLI Spot Month Futures - 29 January 2024
Mon, 29-Jan-2024 08:37 am
by Dealing Team • Apex Futures

FKLI
Pivot
1506
Resistance
1508 / 1512 / 1517
Support
1503 / 1501 / 1495
Possible Range
1501 to 1508
Strategy
Long positions may be opened above 1506 with targets at 1508/1512 and stop-loss at 1501
Short positions may be opened below 1506 with targets at 1503/1501 and stop-loss at 1511

FKLI Jan month staying unchanged at 1504.5. Bursa Malaysia continued its bullish streak to end higher for the fifth straight day on Friday, with the key index remaining above the 1,500-psychological level, thanks to persistent buying support in heavyweights amid the mixed regional market performance.

Overnight Dow Jones rose 60 points. Wall Street wobbled to a mixed close on Friday as investors chewed on data that painted a picture of a stalwart and vigorous economy, and trying to square that with a mixed bag of earnings and the road ahead for Fed policy.

Following the mixed performance of the US market, the FKLI could trade within the range. A break below 1504.5 (Yesterday's low) would target 1501/1495. On the flip side, the next resistance is located at 1506 (Pivot), followed by 1508 (R1), and finally 1510 (Yesterday’s high).

FKLI : 富时隆综指(+0.14%)延续看涨势头,连续第五个交易日收高,关键指数仍高于1500点的心理关口,原因是在地区市场表现好坏参半的情况下,权重股持续获得买盘支撑。

做多策略 :可在1506上方做多,目标价 1508/1512,止损位1501

做空策略 :可在1506下方做空,目标价 1503/1501,止损位1511

(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