Bollinger band reading : side way range bound.
MACD Histrogram : turned upward, buyer reducing position.
Support : 1530, 1515, 1500, 1485 level.
Resistance : 1540, 1550, 1565, 1580 level.
Comment :
FKLI closed recorded gains with higher volume participation doing 2 points discount compare to cash market that closed recorded small gain while regional(Asia & European) trading mostly lower and overnight U.S. market closed little lower.
Daily chart formed an up bar candle closed above middle Bollinger band level after market opened softer, tested little lower and edge up higher traded ranged bound before closed near the high of the day.
Chart reading remained 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.
No comments:
Post a Comment