Bollinger band reading : side way range bound little downside biased.
MACD Histrogram : falling, seller in control.
Support : 1515, 1500, 1485 level.
Resistance : 1530, 1540, 1550 level.
Comment :
FKLI ended weaker recorded loss with decreasing volume transacted doing 5.5 points discount compare to cash market while regional market ended mostly lower.
Daily chart formed a down bar candle after opened gap up followed by selling activities pulled price to closed near the low of the day positioned near lower Bollinger band with the bandwidth started to turned outward suggesting a side way range bound little downside biased market development.
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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