FKLI closed : 1534.5 changed : +0.5 points, volume : lower.
Bollinger band reading : side way range bound.
MACD Histrogram : rising, buyer taking small exposure.
Support : 1530, 1515, 1500, 1485 level.
Resistance : 1540, 1550, 1565, 1580 level.
Comment :
FKLI closed recorded small gain with lower volume changed hand ahead of Malaysia 1st quarter GDP and consumer price index announcement later today doing about 5.5 points discount compare to cash market that closed little higher while regional markets trading mostly higher despite lower overnight U.S. market.
Daily chart formed a down doji bar candle with longer upper shadow closed between middle and upper Bollinger band level after market opened higher, surged upwards tested resistance near upper Bollinger band level before soften lower surrendered most of the intraday gain to closed near the low of the day.
Chart 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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