FKLI rebounded today recovered 9.5 points to closed at 1265 with supportive higher volume traded. Daily chart wise, market seems tested and resisted at the middle Bollinger band level and today white candle closed just slightly below it with the Bollinger band width turning inwards = indeed the pullback effect took place (last friday EOD study) after price hit the lower Bollinger band and possibly side way ranging market a head. MACD Histrogram continue to recover upward = buying activities returned to the market due to good bargain price. The mentioned pull back effect could continue with possible resistant come in at the middle Bollinger band, the plotted upper downward channel line and follow by the plotted horrizontal line at 1275.5 level. Or else side way range bound market likely.
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.
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