Bollinger band reading : correction range bound, upside biased.
MACD Histrogram : weakening, buyer continue taking partial profit.
Support : 1470, 1458, 1445 level.
Resistant : 1500, 1530, 1550 level.
Comment :
Closed marginally higher FKLI traded range bound within a 10.5 point range market with slightly better but considered low volume transaction following a mixed regional market development. Daily chart formed the 2nd doji bar candle as buyer still very much in control of the market with partial profit taking activities. Outlook remain unchanged with a correction range bound upside biased market reading.
When to buy : buy at support or weakness with quick cut loss and profit target.
When to sell : sell at resistant or strength with quick cut loss and profit target.
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