Bollinger band reading : still uptrend with side way ranging likely.
MACD Histrogram : reversed higher, buyer market.
Support : 1280, 1265, middle Bollinger band level.
Resistant : 1300, 1309 level.
Comment :
A mixtures of signals on the FKLI weekly chart reading. Overall the weekly chart still shows an uptrend market with possible side way market developing. FKLI could still climb higher provided that the Bollinger band width started to turned outward with MACD Histrogram continue to record higher reading. Or else should the Bollinger band width continue to get narrower will see the market trading side way range bound likely.
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