Bollinger band reading : upside biased with possible pullback.
MACD Histrogram : rising, buyer rules.
Support : 1570, 1560, 1550 level.
Resistance : 1580, 1590, 1600 level.
Comment :
FKLI closed for weekend recorded gain with better volume changed hand up 41.5 points for the entire week while regional market closed mixed ahead of tonight U.S. payroll data report day.
Daily chart formed the second doji bar candle closed nearer to the upper Bollinger band level compare to yesterday suggesting a pullback correction to take place soon with the underlying reading remained upside biased.
When to buy : buy at support or weakness 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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