Bollinger band reading : correction range bound upside biased.
MACD Histrogram : resumed lower, buyer reducing exposure.
Support : 1485, 1470, 1458 level.
Resistant : 1500, 1530, 1550 level.
Comment :
Low volume budget day FKLI recorded decline possibly due to trader closing position staying side line to see how market digest the 2011 budget announcement today. Daily chart form a down bar candle as pullback correction continue to take place after reached high above 1500 level with the reading suggesting a correction range bound little upside biased.
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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