FKLI daily chart closed 4 points higher @ 1238 to form a doji candle due to profit taking and still trading above the upper Bollinger Band = Bullish but Alert of overbought. Bollinger band width continue to widen suggested that market will be biased to the upside. MACD Histrogram advanced higher into positive territory = Buyer still in control of FKLI. Personally, a doji bar trading above upper Bollinger Band seems to give a potential reversal for buyer to liquidate position impression to me. Having said that, should Bollinger Band width continue to expand further, market does have chance to go up further.
When to Buy : Buy at pull back with quick cut loss and trail stop should there is any profit.
When to Sell : Only sell to take profit, cannot initiate short position. Too dangerous to short.
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