Bollinger band reading : bearish.
MACD Histrogram : reverse lower, seller appetite increase.
Support : 1238, 1232, 1228 level.
Resistant : 1250, 1260 level.
Comment :
FKLI ended the day near the low with higher volume in tandem with major Asia market that traded negatively today after overnight Dow Jones drop by 268 points. Technically, the daily chart shows that market continue to head south after market pullback affect correction took place 3 days ago. However, today's drop seems a little overdone with possible short terms recovery to close the gap. Nevertheless, market is likely to trade downside biased.
When to buy : buy at support or weakness with quick cut loss and profit target.
When to sell : sell at resistant or strength or break down with larger cut loss and profit target.
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