Bollinger band reading : correction range bound upside biased.
MACD Histrogram : reverse lower, buyer in control.
Support : 1500, 1485, 1470 level.
Resistant : 1530, 1550, 1580 level.
Comment :
Quiet volume transaction FKLI edge up slightly recorded marginal gain after market traded range bound tested previous high and retreat within a 6 points range market. Trading participation is relatively low probably due to traders choose to stay sideline awaits tomorrow Batu Sapi & Galas by-elections result plus a longer holiday weekend. Daily chart formed a graveyard doji bar candle with tested upper Bollinger band resistant level with the reading call for a correction range bound upside biased market development.
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.
1 comment:
nice info, would like to share your blog with mine...
Post a Comment