Bollinger band reading : bearish.
MACD Histrogram : reversed upward, seller off loading.
Support : 1238, 1232, 1228 level.
Resistant : 1250, 1260, 1267 level.
Comment :
Pullback upward correction continue to took place today on FKLI that opened and traded higher that tested and closed above the 1232 and 1238 resistant turned support level. Daily chart reading still bearish with possible testing further upside resistant level. Expect market to trade side way range bound downside biased.
When to buy : buy at support or weakness with quick cut loss and profit target.
When to sell : sell at resistant or strength with larger cut loss and profit target.
No comments:
Post a Comment