FKLI closed : 1256.5, changed : -2.5 points, volume : moderate.
Bollinger band reading : bearish but downside limited.
MACD Histrogram reading : stay nearly flat, no significant move by both buyer and seller.
Support level : 1254.
Resistant level : 1261.5 or the middle Bollinger band.
Comment :
Market do looks weak but after 8 continuous black bar candle with the last bar touched the lower Bollinger band, a possible near term pullback could happen any time.
I am trying a more simplified elaboration. Feel free to give comment.
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