FKLI continue to do correction today by trading 6.5 points lower to closed at 1271. Nevertheless, price remained above the middle Bollinger band = uptrend still intact. Bollinger band also continue to expand = market can resume it upward movement anytime with further upside. But the correction has push MACD Histrogram down into the negative zone = seller action outnumbers buyer today. Immediate support stands at the middle Bollinger band level.
When to buy : buy at support or weakness with larger cut loss and profit target.
When to sell : sell at resistant or strength with quick cut loss and profit target.
No comments:
Post a Comment