Bollinger band reading : bearish.
MACD Histrogram : move higher, market participant reducing exposure.
Support : 1238, 1232, 1228 level.
Resistant : 1250, 1260, 1267, middle Bollinger band level.
Comment :
FKLI ended weaker ahead of the long chinese new year holidays with slightly higher volume participation.
Daily chart outlook remain bearsih after market tested few level of resistant at higher level. Expect market continue to trade side way range bound downside biased with some testing attempt near the support and resistant level.
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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