Bollinger band reading : side way range bound.
MACD Histrogram : reversed upward, buyer returned and seller retreating.
Support : 1310, 1300, 1290 level.
Resistant : 1318, 1325, 1330 level.
Comment :
FKLI registered a higher closed following major regional market in decreasing volume traded doing 1.5 point premium to cash market. Daily chart wise, today candle closed right at middle Bollinger band resistant turned support level with the outlook remained side way range bound testing support and resistant. Meanwhile Bank Negara Malaysia just announced a rate hike of 25 basis points to 2.75 % for overnight policy rate. Let see how market react the the news tomorrow.
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.
No comments:
Post a Comment