Weekly wise, FKLI gained 7.5 points forming a shooting star doji bar candle with lower transaction done. Trading near the upper Bollinger band with the band width narrowing = market upside movement could be limited near the upper band level. Despite price moved higher, MACD Histrogram stay just a fraction lower = buyer are reluctant to participate in the market. However, the uptrend still remained intact with immediate resistant level at 1309 and supports stands at 1262 and 1234 level.
No comments:
Post a Comment