Bollinger band reading : side way range bound.
MACD Histrogram : turned upward, buyer seems taking some chances.
Support : 1500, 1485, 1470 level.
Resistant : 1530, 1550, 1580 level.
Comment :
4 points discount to cash market FKLI traded firmed recorded gain with lesser volume changed hand as regional market having mixed development as each market still try to digest the latest happening news on potential China rate hike to counter inflation and Euro zone(Irish) economy condition. Daily chart formed the 5th doji bar candle rebounding from the lower Bollinger band support level and seems putting effort to test the middle Bollinger band resistant level with a side way range bound market reading.
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