Bollinger band reading : correction range bound little downside biased.
MACD Histrogram : recovering, seller realising profit.
Support : 1530, 1515, 1500 level.
Resistance : 1540, 1550, 1565 level.
Comment :
FKLI closed recorded gain with lower volume changed hand doing 6.5 points discount compare to cash market while regional market closed mix and overnight U.S. market continue to trade firmer.
Daily chart formed a doji bar candle with positioned near middle Bollinger band resistance level with the bandwidth started to turned inwards suggesting a correction range bound little downside biased market development testing support and resistant 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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