FKLI opened gap up in the morning but failed to sustain the upward momentum and retreated to the low at 1253 before recovering to closed up 1 point at 1257 due to Hang Seng closed the first session up 19 points after down for more than 350 points in the morning. The last hourly candle managed to climb and closed above the middle Bollinger band with the band width turned inwards = market could trade side war range bound with some upside biased. MACD Histrogram has stopped falling and recording some improvement on the last bar = selling activities has paused with a little buying interest appear in the market. Expecting market to trade side way ranging with a little upside biased. Immediate support stands at 1251.5 level and resistant rest at 1261 level.
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