Bollinger band reading : neutral with a little downside biased.
MACD Histrogram : getting weaker, buyer cautious .
Support : 1260, 1250 level.
Resistant : 1270, 1276 level.
Comment :
In response to major world market that traded mostly in negative territory, FKLI ended the first session lower with the lack of interest from buyer that stay cautious with the negative market development. FKLI hourly chart neutral reading suggest that the market is likely to trade side way range bound with a little downside potential.
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