Bollinger band reading : bullish biased.
MACD Histrogram : improve but getting weak.
Support : , middle Bollinger band, 1300, 1295 level.
Resistant : upper Bollinger band, 1309 level.
Comment :
Traded higher through out the first session, FKLI tested another high level at 1307 this morning but couldn't get higher and retraced to the low at 1302.5 before recover slightly. A mildly bullish outlook with potential upside suggested on the FKLI hourly chart with price ended still above middle Bollinger band and MACD Histrogram staying in the positive zone. But on the other hand major Asia market traded in negative tone for the morning session today except FBM KLCI and Australia Market.
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