Bollinger band reading : bullish.
MACD Histrogram : lower by fraction, buyer taking partial profit.
Support : 1280, 1274, 1270 level.
Resistant : 1285, 1290, 1300 level.
Comment :
FKLI traded eased lower and closed near the low of the day with slightly lesser volume changed hand compare to yesterday. After a six consecutive climbs, FKLI finally take some rest today with a downward correction. Chart wise, the outlook remained bullish biased with possible further downward correction. Other factor to watch will be possible interest rate hike announcement tomorrow by Bank Negara.
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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