Bollinger band reading : side way range bound, upside biased.
MACD Histrogram : turned downward again, buyer taking profit to reduce exposure.
Support : 1360, 1350, 1345 level.
Resistant : 1375, 1385, 1395 level.
Comment :
Hit new year high FKLI ended the day lower surenderring most of yesterday gain with improved volume traded(still relatively low). Daily chart shows that market opened above upper Bollinger band and formed a down bar candle to closed near the low possibly triggered a correction market. Outlook wise, market still suggesting a correction range bound upside biased market.
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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