Bollinger band reading : downside biased.
MACD Histrogram : reversed upward, seller taking profit.
Support : 1280, 1274, 1270 level.
Resistant : 1290, 1300, 1318 level.
Comment :
Overnight Dow and Euro zone market negative closed contributed to a much lower below crucial support level FKLI opening and continue to dive deeper before profit taking came in to sweep price to recover up slightly with ultra high volume transacted. Hourly chart shows that market is still having correction after open way lower within a downside biased market.
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