Bollinger band reading : side way range bound correction downside biased.
MACD Histrogram : getting higher buyer returned.
Support : 1290, 1280, 1274 level.
Resistant : 1300, 1310, 1318 level.
Comment :
Upward correction FKLI opened gap up and continue to surge higher with deminishing volume changed and closed near the high of the day right at resistant level doing 5.5 points premium compare to cash market. Daily chart reading continue to show a upward correction downside biased market. At closed Hang Seng index futures is doing 13 points premium compare to Hang Seng cash 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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