Bollinger band reading : correction range bound dowside biased.
MACD Histrogram : turned upward, seller reducing position.
Support : 1485, 1470, 1458 level.
Resistant : 1500, 1530, 1550 level.
Comment :
FKLI rallied traded firmed recorded gained with lower volume transacted as market sentiment turned positive ahead of giant size IPO listing of Petronas Chemicals tomorrow. Daily chart formed a wide range up bar candle having pullback correction take place testing middle Bollinger band resistant level 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.
No comments:
Post a Comment