Bollinger band reading : bullish.
MACD Histrogram : rising higher, buyer still in charge.
Support : 1278, 1260, 1250 level.
Resistant : 1285, 1290, 1300 level.
Comment :
FKLI traded in tandem with world major market that closed higher. Today's up wide range bar ended almost at the high of the day right near the upper Bollinger band level. Technical reading shows that market is getting stronger for a bullish further upside market potential market provided that the Bollinger band expansion pace go accordingly to the price movement. Having said that, market may also need to get some rest as today has been the 5th consecutive up bar.
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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