Bollinger band reading : bearish.
MACD Histrogram : reversed upward, seller off loading.
Support : 1250, 1232, 1228 level.
Resistant : 1260, 1267, middle Bollinger band level.
Comment :
Wow! FKLI ended at the high of the day with last minutes push as seller continue to off load their position tested and stayed above another level of resistant forming a wide body up bar candle. Seems like the technical rebound pullback upward correction could take a longer time to complete and possibly testing even higher resistant level at the middle Bollinger band level. Daily chart wise, market still look bearish and likely to trade side way range bound downside biased.
When to buy : buy at support or weakness with quick cut loss and profit target.
When to sell : sell at resistant or strength with larger cut loss and profit target.
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