Bollinger band reading : upside biased.
MACD Histrogram : turned upward, buyer incharge.
Support : 1500, 1485, 1470 level.
Resistant : 1530, 1550, 1580 level.
Comment :
Hit another new high FKLI closed recorded gain in better but relatively low volume traded as sentiment remained bullish regionally following US Federal Reserve decided to pump in additional 600 billions into America economy. 5 points range daily chart doji bar candle located near upper Bollinger band as the band width continue to turned outward suggesting a further upside biased market development for the near term.
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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