Bollinger band reading : side way range bound correction downside biased.
MACD Histrogram : getting higher buyer testing market strength.
Support : 1290, 1280, 1274 level.
Resistant : 1300, 1310, 1318 level.
Comment :
Ended down 1 point FKLI traded in soft volume changed hand ahead of school holidays and coming world cup doing 4.5 points premium. Daily chart reading shows that market struggling to break above the immediate middle Bollinger band level and still suggesting a side way range bound downside biased. Meanwhile, Hang Seng index futures also doing 34 points premium.
When to buy : buy at support or weakness with quick cut loss and profit target.
When to sell : sell at resistant/strength/breakdown with larger cut loss and profit target.
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