Bollinger band reading : side way range bound little upside biased.
MACD Histrogram : reversed upward, buyer taking small exposure.
Support : 1307, 1300, 1295 level.
Resistant : 1312, 1318, 1325 level.
Comment :
Buying interest returned to FKLI lifted price significantly higher with better volume traded. Daily chart wise, market started an upward correction after registered 7 consecutive down bar candles and the reading suggesting a side way range bound upside biased market development in the near term.
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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