FKLI
FKLI Spot Month Futures - 12 March 2024
Tue, 12-Mar-2024 08:35 am
by Futures Dealing • Apex Futures

FKLI
Pivot
1525
Resistance
1533 / 1540 / 1554
Support
1519 / 1511 / 1496
Possible Range
1519 to 1533
Strategy
Long positions may be opened above 1525 with targets at 1533/1540 and stop-loss at 1520
Short positions may be opened below 1525 with targets at 1519/1511 and stop-loss at 1530

FKLI Mar month rose 9 points or 0.59% to 1527 closed higher. Bursa Malaysia closed higher for the third straight trading day on Monday, supported by continuous buying in most heavyweights, amid the mixed tone on the regional markets.

Overnight Dow Jones rose 46 points. Stocks ended Monday mixed, with the Dow advancing and tech stocks slipping while the price of Bitcoin soared to a fresh record.

Following the mixed performance of the US market, the FKLI could trade within the range. A break above 1531.5 (Yesterday's high) would target 1533/1540. On the flip side, the next support is located at 1525 (Pivot), followed by 1519 (S1), and finally 1517 (Yesterday’s low).


FKLI : 富时隆综指(+0.31%)在特定蓝筹股的买盘兴趣带动下,连续第三天延续复苏势头。

做多策略 :可在1525上方做多,目标价 1533/1540,止损位1520

做空策略 :可在1525下方做空,目标价 1519/1511,止损位1530

(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