Forming the 8th hourly black bar candle, FKLI closed at mid day down 3.5 points at 1274 after tested the low at 1272.5. Chart wise, FKLI does looks weak by closing near the lower Bollinger band. The band width also getting wider suggest that market could possible fall lower. MACD Histrogram dived deeper into the negative zone show that selling activities still persisted. Possible support come in at the 1270 level and resistant at the middle Bollinger band level.
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