Bollinger band reading : bullish to neutral.
MACD Histrogram : getting lower, profit taking.
Support : middle Bollinger band, 1290 level.
Resistant : 1300, 1309 level.
Comment :
Seems like the pullback effect taking place now on FKLI together with a weaker palm oil futures price that could lead to negative impact on major plantation counters prices thus not good for FBM KLCI index. Looking at the chart, the last hourly chart candle bounce up from the supporting middle Bollinger band telling us that market sentiment has yet to change negative. Patience game ahead.
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