Bollinger band reading : correction range bound upside biased.
MACD Histrogram : weakening, buyer reducing position.
Support : 1500, 1485, 1470 level.
Resistance: 1530, 1550, 1580 level.
Comment :
FKLI continue to do downward correction closed recorded loss for the 4th day with improve volume transacted doing 4 points discount to cash market as most major Asia exchange closed negatively and lack of fresh lead triggered participant to lock in profit and stay sideline .
Daily chart formed a down bar candle with lower shadow after market opened gap up and traded downward tested support level near middle Bollinger band support level and rebounded to closed off the low of the day with an unchanged reading of 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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