Bollinger band reading : bearish side way.
MACD Histrogram : recovering, buyer taking small exposure.
Support : 1250, 1232, lower Bollinger band level.
Resistant : middle Bollinger band, 1260, 1267 level.
Comment :
FKLI closed lower with thin volume traded. Once tested the immediate resistant at the middle Bollinger band level and support level near 1250 but still managed to closed off the low with last minutes push during pre-matching phase forming a down doji bar candle. Daily chart still bearish sided with side way range bound market likely as the Bollinger band width continue to squeeze inwards.
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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