Bollinger band reading : range bound upside biased.
MACD Histrogram : buyer reducing exposure.
Support : 1350, 1345, 1337 level.
Resistant : 1360, 1375, 1385 level.
Comment :
Finally there is some substantial movement took place in FKLI that slide lower but trading volume still relatively low after regional market closed negatively as trader choose to stay sidelines awaiting tonight U.S. Federal Reserve news. Daily chart wise , market opened unchanged and dived straight down to close near the low formed a wide range down bar candle rested right a middle Bollinger band level. Outlook wise, reading changed into side way range bound correction 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.
No comments:
Post a Comment