Bollinger band reading : bearish with temporary pullback.
MACD Histrogram : recovering slightly, seller take partial profit.
Support : 1238, 1232, 1228 level.
Resistant : 1250, 1260 level.
Comment :
Without having to elaborate further, I believe whatever indicators will show a bearish market ahead to a certain extend. However, the severe gap down opening and tested lower level seems a little overdone with possible temporary pullback effect taking place before testing further downside support level.
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