Bollinger band reading : correction range bound little upside biased.
MACD Histrogram : resumed lower, seller testing market again as buyer defending.
Support : 1470, 1458, 1445 level.
Resistant : 1485, 1500, 1530 level.
Comment :
Improved volume FKLI dropped lower recorded decline after opened and traded lower as trader seems choose to stay away from the market ahead of the FOMC meeting. Daily chart formed a down bar candle doing correction as price tested upper Bollinger band resistant level with the reading suggesting a correction range bound little upside biased market reading.
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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