At last look, FKLI is trading at 1252.5 down 8.5 point. Hourly chart wise, FKLI is trading below mid Bollinger band = market is doing downward correction. Bollinger band width also continue to spread wider = further downward correction is likely. However, MACD Histrogram reversed to turned higher = possible buyer coming to support the market or short covering their position to locked in profit. Overall we are in a uptrend correction market.
No comments:
Post a Comment