Bollinger band reading : correction side way downside biased.
MACD Histrogram : recovering, seller reducing exposure.
Support : 1274, 1270, 1265 level.
Resistant : 1280, 1290, 1300 level.
Comment :
Smaller range wild swing FKLI managed to closed higher recover partial of yesterday losses in lesser volume traded. Daily chart reading remain unchanged with a correction side way range bound downside biased market but having said that, FKLI is doing 3.5 points premium compare to cash market. The same goes to Hang Seng index futures market.
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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