Bollinger band reading : correction range bound upside biased.
MACD Histrogram : recovering, buyer still supporting market.
Support : 1485, 1470, 1458 level.
Resistant : 1500, 1530, 1550 level.
Comment :
Opened gap down FKLI managed to recover all intraday losses and recorded minor gain with increasing volume transaction traded despite a stronger US Dollar, a negative major US corporate result like Apple and Bank of America plus a surprise interest rate hike announcement by China official. Daily chart formed a wide range bar after market gap down by 9.5 points, tested below middle Bollinger band support level a recovered upward with the reading adjusted to suggesting a correction range bound 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.
No comments:
Post a Comment