Bollinger band reading : upside biased with potential correction.
MACD Histrogram : rising higher, buyer extend territory.
Support : 1337, 1330, 1325 level.
Resistant : 1345, 1350, 1360 level.
Comment :
12 points range FKLI closed boldly near the high of the day in better volume traded in tandem with a positive regional market development. Daily chart shows that market opened and traded higher to closed above the upper Bollinger band level that could possibly triggered a profit taking downward pullback correction.
Outlook wise, market still recording a upside biased reading.
When to buy : buy at support/weakness/break up 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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