Bollinger band reading : upside biased.
MACD Histrogram : getting higher, buyer still rule.
Support : 1500, 1485, 1470 level.
Resistant : 1530, 1550, 1580 level.
Comment :
FKLI traded firmer recorded gain and new high closing near the high of the day with better volume transacted in unison with major regional positive market doing 5 points premium compare to cash market. Daily chart formed a doji bar candle above the upper Bollinger band level after market opened gap up and traded within a 6 points range market with the reading suggesting an upside biased market development with possibly pullback correction.
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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