Bollinger band reading : downside biased with pullback correction.
MACD Histrogram : turned upward, seller taking profit.
Support : 1515, 1500, 1485 level.
Resistance : 1530, 1540, 1550 level.
Comment :
FKLI ended 1 tick higher with slow volume traded on the last transaction day of the month as regional market closed mostly lower partly due to Egypt political condition intensified.
Daily chart formed an wide range up bar candle after market opened gap down severely due to panic selling and recovered upward to closed near the high of the day doing pullback correction after market opened way below lower Bollinger band with the bandwidth turning outward. Reading wise, market are current having pullback correction within a 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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