Bollinger band reading : side way range bound little upside biased.
MACD Histrogram : weakening, buyer closing position ahead of expiry.
Support : 1310, 1300, 1290 level.
Resistant : 1318, 1325, 1330 level.
Comment :
FKLI drop sharply following a lower regional market closing due negative sentiment intensified on the bleeding Euro zone depts situation that is getting worst. Daily chart shows that market tested the middle Bollinger band support level today and still manage to closed slightly above it with the reading suggesting a side way range bound little upside biased but the upside doesn't looks promising.
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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