Bollinger band reading : upside biased.
MACD Histrogram : getting higher, buyer in charged.
Support : 1385, 1375, 1360 level.
Resistant : 1395, 1405, 1425 level.
Comment :
Hit new year high for the third day FKLI ended little higher still in sustaining volume changed hand as market opened and tested higher resistant level prompted buyer to secure profit pressed price to closed off the high of the day. Daily chart formed a classic shooting star doji bar candle traded outside of the Bollinger band hinted a potential pullback correction awaits tomorrow confirmation with the underlying reading still upside biased.
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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