KL Trader Investment Research Articles
Commodity & Derivatives Watch - KLCI Index Futures, Spot Contract, Hourly Candlestick Chart (1,621.50)
INTRADAY TREND EXPECTATION:
We use a daily chart to analyse the potential movement of FKLI for intraday trading.
FKLI Index is set to challenge upper resistance in the nearterm based on the growing momentum and the price above the middle Bollinger band. We opine there’s a decent chance for the index to revisit its previous high at 1,650 in the near-term.
Source: Maybank Research - 30 Apr 2020
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