Bollinger band reading : downside biased.
MACD Histrogram : falling, seller in control.
Support : 1485, 1470, 1458 level.
Resistance : 1500, 1515, 1530 level.
Comment :
FKLI continue to trade weaker recorded loss with lower volume traded doing 7 points discount compare to cash market while regional market ended mixed ahead of the weekend with Egypt political condition persist.
Daily chart formed a down doji candle after market opened gap up, rebounded higher and resume downward movement to closed lower positioned near lower Bollinger band level with the bandwidth continue to expand further. Reading wise, downside biased market development remained unchanged but with potential upward pullback correction.
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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