FKLI
FKLI Spot Month Futures - 5 March 2024
Tue, 05-Mar-2024 08:54 am
by Futures Dealing • Apex Futures

FKLI
Pivot
1522
Resistance
1526 / 1533 / 1545
Support
1514 / 1510 / 1499
Possible Range
1514 to 1526
Strategy
Long positions may be opened above 1522 with targets at 1526/1533 and stop-loss at 1517
Short positions may be opened below 1522 with targets at 1514/1510 and stop-loss at 1527

FKLI Mar month closed unchanged at 1518.5. Bursa Malaysia pared earlier gains to close marginally higher on Monday as selling emerged in late trading while most regional markets also eked out narrow gains.

Overnight Dow Jones fell 97 points. The S&P 500 closed slightly lower on Monday after a choppy trading day as investors took a pause ahead of economic data and Fed Chair Jerome Powell's congressional testimony.

Following the bearish performance of the US market, the FKLI could trade wihtin the range. A break below 1517.5 (Yesterday's low) would target 1514/1510. On the flip side, the next resistance is located at 1522 (Pivot), followed by 1526 (R1), and finally 1529 (Yesterday’s high).

FKLI : 富时隆综指 (+0.08%) 回吐盘中涨幅,收盘持平,上涨 13 家,下跌 17 家。

做多策略 :可在1522上方做多,目标价 1526/1533,止损位1517

做空策略 :可在1522下方做空,目标价 1514/1510,止损位1527

(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