FKLI
FKLI Spot Month Futures - 21 February 2024
Wed, 21-Feb-2024 08:53 am
by Futures Dealing • Apex Futures

FKLI
Pivot
1553
Resistance
1566 / 1574 / 1595
Support
1545 / 1532 / 1511
Possible Range
1545 to 1566
Strategy
Long positions may be opened above 1553 with targets at 1566/1574 and stop-loss at 1548
Short positions may be opened below 1553 with targets at 1545/1532 and stop-loss at 1558

FKLI Feb month rose 14.5 points or 0.94% to 1535 closed higher. The FBM KLCI climbed further and closed at a fresh 20-month high on Tuesday as consumer stocks led gains, while energy stocks at the broader market surged.

Overnight Dow Jones fell 64 points. Wall Street's three major indexes ended Monday's session in the red and the tech-heavy Nasdaq composite lead the way with a 0.9% drop, as the S&P 500 technology index was the biggest loser among the S&P 500's 11 major sector indexes.

Following the bearish performance of the US market, the FKLI could trade within the range. A break above 1561 (Yesterday's high) would target 1566/1574. On the flip side, the next support is located at 1553 (Pivot), followed by 1545 (S1), and finally 1540 (Yesterday’s low).

FKLI : 尽管区域股市表现参差不齐,富时隆综指周二仍飙升+1.1%,表现强劲。

做多策略 :可在1553上方做多,目标价 1566/1574,止损位1548

做空策略 :可在1553下方做空,目标价 1545/1532,止损位1558

(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