FKLI
FKLI Spot Month Futures - 5 February 2024
Mon, 05-Feb-2024 08:39 am
by Futures Dealing • Apex Futures

FKLI
Pivot
1521
Resistance
1526 / 1534 / 1546
Support
1514 / 1509 / 1496
Possible Range
1514 to 1516
Strategy
Long positions may be opened above 1521 with targets at 1526/1534 and stop-loss at 1516
Short positions may be opened below 1521 with targets at 1514/1509 and stop-loss at 1526

FKLI Feb month rose 0.5 points or 0.03% to 1518.5 closed higher. Bursa Malaysia ended the week on a mixed note on Friday, driven by selling in midsize and small-cap counters, while the key benchmark index maintained a positive trajectory despite reversing some of its earlier gains.

Overnight Dow Jones rose 134 points. The S&P 500 and Nasdaq ended up more than 1% each on Friday, and the S&P 500 registered another record closing high, with a more than 20% rally in Meta Platforms among the day's biggest positives.

Following the bullish performance of the US market, the FKLI could trade within the range. A break below 1516 (Yesterday's low) would target 1514/1509. On the flip side, the next resistance is located at 1521 (Pivot), followed by 1526 (R1), and finally 1528.5 (Yesterday’s high).

富时隆综指 (+0.24%) 周五小幅走高,超过一半的主要指数成分股上涨。

做多策略 :可在1521上方做多,目标价 1526/1534,止损位1516

做空策略 :可在1521下方做空,目标价 1514/1509,止损位1526

(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