Bollinger band reading : side way range bound.
MACD Histrogram : buyer reducing exposure.
Support : 1345, 1337, 1330 level.
Resistant : 1350, 1360, 1375 level.
Comment :
FKLI eased lower with improved volume traded within a 10 points range market after most regional market having negative development. Daily chart wise, the doji bar candle opened below and tested middle Bollinger that turned into resistant level now. Technical reading wise, market is likely to trade side way range bound testing lower support levels.
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