FKLI ended 3 point lower to closed at 1234.50 adminiting that profit taking activity still in play in the market. However, with low volume traded and price still traded above mid Bollinger Band indicate that market is still strong with a healthy retracement to take rest. This is also confirm by Bollinger Band with expanding but at a slower pace. MACD Histrogram stay flat showing that seller continue to lock in profit in a rising market. At closed, the Hang Seng Futures is doing 34 points discount compare to it's cash market. Profit taking activity are likely to continue tomorrow.
When to buy : Buy on dip with cut loss at below support level and target at previous high.
When to sell : Cannot initiate short position. Only take profit or cut loss.
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