Bollinger band reading : upside biased.
MACD Histrogram : rising higher, buyer on guarded.
Support : 1405, 1395, 1385, 1375 level.
Resistant : 1425, 1445, 1470 level.
Comment :
Super bullish FKLI gained higher in little lower volume transaction after market opened and tested lower before resume upward movement momentum breaking new year high level with profit taking activities took place pressed price to closed off the high. Daily chart shows price moving along the expanding upper Bollinger band with the reading remained calling an 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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