Bollinger band reading : side way range bound little upside biased.
MACD Histrogram : reversed upward, buyer returned for a rematch.
Support : 1470, 1458, 1445 level.
Resistant : 1485, 1500, 1530 level.
Comment :
FKLI recorded huge gain traded in increasing volume transaction in tandem with a positive regional market development doing 6 points premium compare to cash market. Daily chart shows that market rebounded after tested the middle Bollinger band support level formed a wide range up bar candle with the reading suggesting a side way range bound little upside biased testing resistant level near upper Bollinger band.
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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