FKLI gap down 9.5 point this morning due to bearish news from the US Dow Jones market that drop 250 points last Friday. Hourly chart wise, market manage to recovered some of the losses and closed 3.5 points lower at 1240.5. Trading at below mid Bollinger band after an attempt to march through higher but failed and within the narrowing Bollinger band width = market still tends to trade in the up down side way range cycle. With MACD Histrogram also crawing along the zero line = side way market to persist longer. Overall, a downward biased side way market are likely to be here for the near term at least.
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