Bollinger band reading : upside biased.
MACD Histrogram : getting higher, buyer counter attack.
Support : 1470, 1458, 1445 level.
Resistant : 1485, 1500, 1530 level.
Comment :
Positive regional market development plus continue cash market heavy weight counters buying especially banking stock lead FKLI to rally higher in ultra high volume changed hand. Hourly chart shows market opened little higher and surged up breaking 2 resistant levels and closed at the high of the day. Daily chart formed a long lower shadow doji bar candle after price break below and closed right at the middle Bollinger band support level. Outlook switch into a side way range bound market reading testing support and resistant level. Reading wise, market is likely to trade upside biased testing previous high resistant level.
No comments:
Post a Comment