Bollinger band reading : upside biased with possible pullback.
MACD Histrogram : rising, buyer in charge.
Support : 1540, 1530, 1515, 1500 level.
Resistance : 1550, 1580, 1590, 1600 level.
Comment :
FKLI closed recorded gains with lower volume participation doing more than 9 points discount compare to cash market that closed at the high as banking stocks and Genting Malaysia continue to stayed under investors radar with TENAGA and Petronas Dagangan facing selling pressure while overnight U.S. market recorded decline, European markets trading higher and Asia markets closed mostly higher except Japan.
Daily chart formed the 4th up bar candle with upper shadow closing at upper Bollinger band level after market opened unchanged, edge up higher before easing little lower.
Chart reading remained unchanged with an upside biased market development with potential downward 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.
No comments:
Post a Comment