FKLI weekly chart formed a doji that and still remained above mid Bollinger Band keep itself away from the negative chi. Profit taking activities through out the week dampered Bollinger Band from expanding resulting a narrower band width. The same goes to MACD Histrogram that stay nearly flat due to the result of the selling pressure from profit taking activities. The still ongoing MACD Histrogram negative devergent development raised cautions among longer term position traders that hold long position. Overall, FKLI is still in an uptrend but with possible correction may take place in the coming week. Factor to wacth will be the impact of the budget released today after market has fully digested the details of the budget.
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