FKLI closed the day down 4.5 points at 1261 after the released of the long awaited 2010 budget last Friday and also due to the fact that there is no more exciting catalyst news in the near futures at least not until MAXIS IPO. With today doji bar candle trading above mid Bollinger band = market has yet to change trend. Bollinger band width stayed narrowing = market is trading side way biased to some downward correction. MACD Histrogram continue to slide lower near to zero level = seller coming into the market. Overall, market will continue to be in correction phase. Support level stands at 1255 level.
When to buy : Buy on dip or at support level with quick cut loss and profit.
When to sell : Sell on strenght and break down with quick cut loss and profit.
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