Bollinger band reading : bearish.
MACD Histrogram : getting lower, seller seems encouraged.
Support : 1295, 1290 level.
Resistant : 1300, middle Bollinger band, 1309 level.
Comment :
Haha! Finally some excitement happen today after the Dow closed lower followed by Hang Seng Index opened gap down and traded lower for the 3rd day. The tested few times 1300 support has now turned into resistant level for FKLI. Hourly chart do looks bearish with all indicators going align for negative signal. However, the last hourly candle closed way below the lower Bollinger band shows a temporary oversold market condition.
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