Bollinger band reading : side way.
MACD Histrogram : rising higher, buyer still in charge.
Support : 1260, 1250, 1235 level.
Resistant : 1270, 1278, 1290 level.
Comment :
FKLI closed half a point lower with higher volume and has yet to closed above the crucial 1270 resistant level after tested above it. Side way range bound reading continue to show on the daily chart basis with some test at support and resistant level. Another thing to take notice will be the announced better than expected 4th quarter GDP seems didn't bring any surprise to the market to response accordingly and perhaps it's already reflected in during the previous January climb.
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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