Bollinger band reading : correction range bound dowside biased.
MACD Histrogram : fall lower, seller buidling position.
Support : 1485, 1470, 1458 level.
Resistant : 1500, 1530, 1550 level.
Comment :
Korea tension lead FKLI to opened with panic selling gap down 18 points lower and recovered upward to closed recorded 1 tick lower with increasing volume traded as regional market traded in recovery mode as well. Daily chart formed an up bar candle after opened far away from the lower Bollinger band and pullback as the band width started to expand outward with the reading suggesting a correction range bound downside biased market development.
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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