5 points range market FKLI closed down just 4 points at 1257 with higher volume traded. Today's doji bar candle hanged right at the lower Bollinger band with the band width expanding = the downward movement is likely to continue. MACD Histrogram ended just slightly lower = seller seems no selling heavyly. With the negative sentiment just started and price over extended below the lower Bollinger band and recovered, market could possible have some pull back effect in the downward movement.
When to buy : buy at support or weakness with quick 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