Bollinger band reading : upside biased.
MACD Histrogram : turned rising again, buyer defended well.
Support : 1458, 1445, 1425 level.
Resistant : 1470, 1500, 1530 level.
Comment :
FKLI rallied up recorded huge gained today in improved volume transaction as regional market also having positive development spurted buyer to stayed in the market for a longer time frame. Daily chart formed a wide range up bar candle touching and closed near the upper Bollinger band level. Outlook wise, market resume a upside biased reading after nearly a week of correction range bound market.
When to buy : buy at support/weakness/break up with larger 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