Bollinger band reading : bullish biased.
MACD Histrogram : fall below zero line, buyer offloading + seller present.
Support : 1335, 1310, 1300 level.
Resistant : 1350, 1360, 1375 level.
Comment :
FKLI managed to recover some of last week losses forming a weekly doji bar candle with lesser volume traded. Weekly chart reading having some mixed reading as Bollinger band still shows a bullish biased market but MACD Histrogram sending a market's strength weakening signal. Overall, expect a continue side way range bound market as it is just too easy to call for a downside biased market unless something drastic happen.
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