Bollinger band reading : correction range bound upside biased.
MACD Histrogram : weakening, buyer taking profit and reducing exposure.
Support : 1570, 1560, 1550 level.
Resistance : 1580, 1590, 1600 level.
Comment :
FKLI ended recorded gain with decreasing volume transacted with 5.5 points premium over cash market while all regional market closed in positive territory.
Daily chart formed an up bar candle with lower shadow after market opened gap up, tested lower and surged upward to closed near the high off the day. Reading wise still suggesting a correction side way range bound upside biased market possibly testing previous high 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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