Bollinger band reading : downside biased.
MACD Histrogram : continue lower, seller still in control.
Support : 1250, 1240, 1232 level.
Resistant : 1260, 1265, 1270 level.
Comment :
Partly recovered FKLI ended the day higher with sustaining volume traded to have a market correction after past few days of selldown activities in tandem with major regional market. Daily chart wise today doji bar candle positioned at the upper part of yesterday down bar candle body formed a classic harami candlestick pattern within a downside biased market with upward correction taking place.
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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