Bollinger band reading : upside biased with possible pullback.
MACD Histrogram : rising, buyer rules.
Support : 1560, 1550, 1540 level.
Resistance : 1570, 1580, 1590 level.
Comment :
KLI continue to trade firmer recorded gain with lower volume participation on par with cash market.
Daily chart formed a doji bar candle closed above upper Bollinger band level suggesting a pullback correction is likely to take place in the near term with the underlying 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