Profit taking after 2 days of consecutive gain makes FKLI reversed earlier gain, following with choopy movement and closed 6.5 points lower @ 1006. Analysts cautioned that investors could be spooked by the impending results of stress tests on US banks to be released to the public on May 7.
According to a Bloomberg report the stress test may show about 10 out of 19 lenders under review may need additional capital to weather a deeper recession.
Bollinger Band width remain consistance with candle above middle BB band while MACD still in bullish mode and RSI moving away from overbought area.
Support @ phycilogy level 1000 following with middle BB @ 964.5, resistance @ 1021.
HAPPY TRADING!
0 comments:
Post a Comment