Bollinger band reading : side way range bound upside biased.
MACD Histrogram : weakening, buyer profit taking.
Support : 1337, 1330, 1325 level.
Resistant : 1345, 1350, 1360 level.
Comment :
Profit taking activities slash FKLI to close unchanged after reaching high near resistant level. Hourly chart reading shows that market started to retracing downward for a correction but still suggesting a side way range bound upside biased market in the near term. On the other hand, major world market are currently having negative development including the Dow that closed lower on last Friday.
No comments:
Post a Comment