FKLI
FKLI Spot Month Futures - 23 February 2024
Fri, 23-Feb-2024 08:23 am
by Futures Dealing • Apex Futures

FKLI
Pivot
1552
Resistance
1557 / 1565 / 1579
Support
1543 / 1538 / 1525
Possible Range
1543 to 1565
Strategy
Long positions may be opened above 1552 with targets at 1557/1565 and stop-loss at 1547
Short positions may be opened below 1552 with targets at 1543/1538 and stop-loss at 1557

FKLI Feb month fell 6 points or 0.39% to 1548.5 closed lower. The FBM KLCI lost ground for the second consecutive day on Thursday, trimming gains it made over the past few trading sessions.

Overnight Dow Jones rose 456 points. The S&P 500 and Dow Jones Industrial Average both surged to record closing highs on Thursday, powered by investors piling into growth and technology stocks the day after artificial intelligence poster child Nvidia's bumper earnings and outlook.

Following the bullish performance of the US market, the FKLI could trade higher. A break above 1560 (Yesterday's high) would target 1565/1579. On the flip side, the next support is located at 1546.5 (Yesterday’s low), followed by 1543 (S1), and finally 1538 (S2).

FKLI : 尽管区域股市表现积极,富时隆综指 (-0.45%) 收盘走低。

做多策略 :可在1552上方做多,目标价 1557/1565,止损位1547

做空策略 :可在1552下方做空,目标价 1543/1538,止损位1567

(News Source: The Edge; Reuters)

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