Bollinger band reading : side way range bound little downside biased.
MACD Histrogram : recovering, seller still having small exposure.
Support : 1500, 1485, 1470 level.
Resistance : 1515, 1530, 1540 level.
Comment :
FKLI closed recorded severe loss with lower volume transacted doing 7.5 points discount compare to cash market as middle east Libya political condition getting worst while all regional market closed negatively.
Daily chart formed a down bar candle resume downward movement after tested middle Bollinger band resistant level recently with the reading suggesting a side way range range bound little downside biased development potentially testing lower support level near lower Bollinger band.
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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