Bollinger band reading : side way range bound, upside biased.
MACD Histrogram : weakenning, buyer taking profit but still defending.
Support : 1360, 1350, 1345 level.
Resistant : 1375, 1385, 1395 level.
Comment :
Another slow quiet low volume tight range market FKLI edge up slightly after mixed regional market development. Daily chart wise shows market opened higher and partial profit taking activities press price lower to test near support level but last minute cash market recovery pull price to closed off the low of the day. Outlook wise, today low volume participation shows seller seems not interested to take exposure with the reading suggesting a range bound upside biased market development.
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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