FKLI traded 10.5 points higher today to closed at 1265.5 after Wall Streets closed boldly overnight. Market gaped up at the opening and traded through the day in a 5.5 range market forming at doji bar candle above the mid Bollinger band = market positive sentiment continue. However, Bollinger band width stay narrower marginally = further upside are temporary limited at the upper Bollinger band unless the band width turned expanding. MACD Histrogram continue to swing up slowly = buyer outnumber seller by a small margin. At closed the Hang Seng futures market closed at premium (after a few days in discount) toward its cash market and at last looked the European market are trading up marginally.
When to buy : buy at support/weakness/break up with larger cut loss and profit target.
When to sell : sell at resistant or strength with quick cut loss and profit target.
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