Bollinger band reading : correction range bound, upside biased.
MACD Histrogram : weakening, buyer taking profit.
Support : 1470, 1458, 1445 level.
Resistant : 1500, 1530, 1550 level.
Comment :
Seller not welcome FKLI edged up higher again after opened and tested lower support level in quiet volume transaction as buyer decided to stayed put. Daily chart formed a long lower shadow doji bar candle continue to have correction take place since last Friday. Technical reading call for a correction range bound 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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