Bollinger band reading : neutral, side way range bound.
MACD Histrogram : continue lower, seller testing their luck .
Support : 1290, 1286 level.
Resistant : 1295, 1300, 1309.
Comment :
FKLI closed half point lower after seller tested a new low but still feel not convinced enough with the market underlying weakness lead FKLI to a late recovery forming a wide range bar candle. Technically, daily chart and indicators readings suggesting a side way range bound market with some testing activities at the support and resistant level.
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