FKLI closed : 1270, changed : +4 points, volume : higher.
Bollinger band reading : side way.
MACD Histrogram : rising higher, buyer turned a little aggressive.
Support : 1260, 1250, 1235 level.
Resistant : 1270, 1278, 1290 level.
Comment :
8 points range FKLI ended the day at the high with supportive volume changed hand. Technical wise, Bollinger band still suggesting a side way range bound market but MACD Histrogram shows a improved market sentiment for the market to surge higher. Overall, expect market to trade side way range bound with some test at higher resistant level but has yet to turned bullish.
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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