Bollinger band reading : upside biased with possible pullback.
MACD Histrogram : rising, buyer extending power.
Support : 1560, 1550, 1540 level.
Resistance : 1570, 1580, 1590 level.
Comment :
Bullish sentiment FKLI continue to surged higher ground recorded another big gains with increasing volume changed hand while regional market ended mixed.
Daily chart formed a wide up doji bar candle after market opened lower and corrected downward and recovered surging to a new all time high followed by selling pressure due to profit taking press price lower but managed to closed above upper Bollinger band level suggesting another potential pullback correction to take place with the reading remained upside biased.
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.
No comments:
Post a Comment