Bollinger band reading : side way range bound.
MACD Histrogram : recovering, buyer and seller rolling over to next month.
Support : 1515, 1500, 1485, 1470 level.
Resistance : 1530, 1540, 1550, 1565 level.
Comment :
FKLI closed recorded loss with slightly lower volume transacted partially due to roll over activities doing 3 points discount compare to cash market that closed recorded small gain while regional markets traded mixed ahead of crucial U.S. federal reserve meeting.
Daily chart formed a down doji bar candle closed below middle Bollinger band level after market gap up, tested higher near resistance level and retreated lower surrendered all gains before closed rebounding slightly to closed off the low of the day.
Technical reading still suggesting a side way range bound market development testing support and resistance 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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