Bollinger band reading : upside biased.
MACD Histrogram : rising, buyer in advantage.
Support : 1530, 1515, 1500 level.
Resistance : 1540, 1550, 1560 level.
Comment :
Year end window dressing pushed FKLI continue to trade firmer recorded gain with lower volume traded following most regional markets that closed in positive territory.
Daily chart formed an up bar candle closed near upper Bollinger band resistant level with the band width continue to expand outwards suggesting a further upside biased potential market development.
When to buy : buy at support, weakness or break up with larger cut loss and profit target.
When to sell : sell at resistant or strength with quick cut loss and profit target.
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