FKLI closed : 1257.5, changed : -1.5 point, volume : low.
Bollinger band reading : bearish.
MACD Histrogram : slightly lower, low participation by both buyer and seller.
Support : the lower upward triangle line, 1251.5 level.
Resistant : middle Bollinger band, the upper downward triangle line.
Comment :
Today candle closed right at the support of the lower upward triangle line with low volume. Should this support level break, market is likely to test the next support level at 1251.5, else stay side way with tighter and tigher range bound until a break out from the triangle occur.
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 / sell at break down with larger cut loss and profit target.
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