FKLI traded in a 8 points range market today to closed down 5 points at 1268 with higher volume traded. Once tested the middle Bollinger band support but managed to pulled itself to closed above it = possible support coming in to hold the market. Bollinger band width continue to move inwards = market still trading side way range bound. MACD Histrogram continue to head south = seller activities dominated the market today. Immediate support stands at the middle Bollinger band followed by the plotted upward trend line.
When to buy : buy at support or weakness with quick cut loss and profit target.
When to sell : sell at resistant/strength/break down with quick cut loss and profit target.
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