After reaching a exhausted new high of 1273.5 in the morning session, profit taking selling pressure came into the market once the FKLI opened at the second half to closed 6 points higher at 1271 to form a doji bar candle. At closed, FKLI stay near upper Bollinger Band = Still bullish with some profit taking activities. Bollinger Band width spreading wider shows that market still have further upside buffer. MACD histrogram edged up higher but slower compare to yesterday indicate that only mild profit taking selling pressure exist in the market. Hong Kong Hang Seng futures closed at 50 points discount compare to cash market.
When to buy : Buy on dip or pull back with quick profit and cut loss.
When to sell : Sell for profit only.
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