Bollinger band reading : correction side way downside biased.
MACD Histrogram : recovering, seller short covering.
Support : 1280, 1274, 1270 level.
Resistant : 1290, 1300, 1318 level.
Comment :
FKLI started the week in recovery pace by traded higher in lesser volume. Daily chart reading shows market continue to have correction within a downside biased market testing further resistant levels.
When to buy : buy at support or weakness with quick cut loss and profit target.
When to sell : sell at resistant or strength with larger cut loss and profit target
2 comments:
sideway in the making - 1286 - 1266 ..20 pts range....???/
Could be developing into a small bear market.
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