Bollinger band reading : bearish.
MACD Histrogram : recover slightly, both seller and buyer adapting wait and see.
Support : 1260, 1250 level.
Resistant : 1270, 1276 level.
Comment :
FKLI continue to trade weaker on the second half session tested the and ended near the support level. Volume transacted is relatively lower compare to previous trading days show that both buyer and seller are not interested to participate in the market today. Daily chart reading continue to suggest a potential further downside market with some test attempt to break down at the support area.
When to buy : buy at support or weakness with quick cut loss and profit target.
When to sell : sell at resistant or strength or break down with larger cut loss and profit target
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