Bollinger band reading : correction range bound downside biased.
MACD Histrogram : recovering, seller reducing position.
Support : 1515, 1500, 1485 level.
Resistance : 1530, 1540, 1550 level.
Comment :
On par with cash market FKLI closed recorded gains with better volume transacted while regional market closed mostly higher except for Shanghai and Australia exchange.
Daily chart formed an up bar candle closed near middle Bollinger band resistance level with an unchanged correction range bound downside 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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