FKLI weekly chart still maintaining its uptrend sentiment. At closed of the week, price still trading at above Bollinger band and within the narrowing uptrend channel = market still remained biased to the upside. However, Bollinger band width narrowing and MACD Histrogram continue to dive lower = a correction would be likely to happen in the near term. Expecting a side way range bound market. Immediate support rest at the plotted lower trendline followed by the middle Bollinger band.
No comments:
Post a Comment