Bollinger band reading : upside biased.
MACD Histrogram : recovering, buyer defending.
Support : 1360, 1350, 1345 level.
Resistant : 1375, 1385, 1395 level.
Comment :
FKLI surged higher in lesser volume traded despite a mixed regional market development after market opened and tested lower support level and just rebound upward to closed near the high of the day. Daily chart up bar candle seem trying to test higher resistant level near upper Bollinger band with the reading suggesting a upside biased market outlook for the near term.
When to buy : buy at support or weakness with larger cut loss and profit target.
When to sell : sell at resistant or strength with quick cut loss and profit target.
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