Bollinger band reading : upside biased.
MACD Histrogram : rising, buyer in control.
Support : 1500, 1485, 1470 level.
Resistant : 1530, 1550, 1580 level.
Comment :
Traded within 6 points range market FKLI closed recorded gain with improving but relatively low volume transacted catching up with regional market that traded higher last Friday after resume trading from last Friday holiday. Daily chart formed a doji bar candle closed positioned little above upper Bollinger upper band level indicates that there could be a correction taking place soon but the underlying market reading still remained 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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