Bollinger band reading : bullish biased.
MACD Histrogram : weakening, buyer reduce position gratually.
Support : 1335, 1310, 1300 level.
Resistant : 1350, 1360, 1375 level.
Comment :
FKLI ended the week marginally higher forming a long lower shadow doji bar candle due to market sell down after another round of bad news from the Euro zone but managed to recovered as the US Feb announced to maintained near zero interest rate policy come to save the day. Weekly chart wise, market still possessed the potential to climb higher with the underlying trend is still up but a weakening MACD Histrogram reading with some doji bars at the last few candle bar alerted trader to stay cautiously optimistic about the market.
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