Bollinger band reading : side way range bound little upside biased.
MACD Histrogram : recovered, seller closing position as buyer returned.
Support : 1500, 1485, 1470 level.
Resistance : 1515, 1530, 1550 level.
Comment :
FKLI rallied closed recorded significant gain with higher volume traded following recovery on major Asia markets plus some positive news on the corporate sector of new bidder with higher offer price for PLUS Expressway Bhd.
Daily chart formed a wide range up bar candle after market opened little gap up and surging higher breaking 1,500 psychology resistance level and closed almost at the high of the day with the reading adjusted into suggesting a side way range bound little upside biased market development testing higher resistance 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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