In tandem with most of the regional market that closed lower, FKLI also traded lower to closed at the low 1257.5 down 9.5 points. The much dragged side way range bound market finally ended with break down that closed at lower Bollinger band with the band width just started to expand = negative sentiment has just returned to the market. MACD Histrogram also dive deeper today = seller has finally won the battle. With this market is likely to trade down side baised should Bollinger band continue to expand further.
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 larger cut loss and profit target.
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