Bollinger band reading : correction range bound upside biased.
MACD Histrogram : weakening, buyer taking profit.
Support : 1500, 1485, 1470 level.
Resistant : 1530, 1550, 1580 level.
Comment :
Quiet FKLI ended the day recorded 2 ticks lower with relatively low volume transacted on par with cash market index as regional market traded mixed but ended slightly positive.
Daily chart formed a small 6.5 points range body down bar candle still doing correction with the reading suggesting a correction range bound upside biased market development testing supports and resistant level.
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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