FKLI
FKLI Spot Month Futures - 15 February 2024
Thu, 15-Feb-2024 08:33 am
by Futures Dealing • Apex Futures

FKLI
Pivot
1532
Resistance
1539 / 1546 / 1561
Support
1525 / 1517 / 1503
Possible Range
1525 to 1539
Strategy
Long positions may be opened above 1532 with targets at 1539/1546 and stop-loss at 1527
Short positions may be opened below 1532 with targets at 1525/1517 and stop-loss at 1537

FKLI Feb month fell 6 points or 0.39% to 1532.5 closed lower. Bursa Malaysia pared losses on Wednesday from the earlier session due to late buying support. The key index remained in negative territory and ended the day slightly lower due to profit-taking after yesterday's significant gains.

Overnight Dow Jones rose 151 points. Wall Street ended sharply higher on Wednesday as ride-hailing platforms Lyft and Uber rallied, while Nvidia displaced Alphabet as the U.S. stock market's third most valuable company.

Following the bullish performance of the US market, the FKLI could trade within the range. A break above 1538.5 (Yesterday's high) would target 1546/1561. On the flip side, the next support is located at 1532 (Pivot), followed by 1525 (S1), and finally 1524 (Yesterday’s low).

FKLI : 由于部分银行业权重股出现获利了结活动,富时隆综指 (-0.13%) 昨日下跌。

做多策略 :可在1532上方做多,目标价 1539/1546,止损位1527

做空策略 :可在1532下方做空,目标价 1525/1517,止损位1537

(News Source: 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