FKLI closed 4 points lower at 1269 after market gap up, hit the high at 1275.5 but failed to sustained the upward movement. Hourly chart wise, price dropped below the middle Bollinger band with the band width turned narrowing = side way market likely to continue. MACD Historgram getting lower below the zero line level = morning session volume dominated by seller activities. More downside movement could be seen should MACD Histrogram continue to drop lower with the Bollinger band width started to turn outward, else the side way range bound market is likely to continue.
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