Bollinger band reading : bearish side way.
MACD Histrogram : recovering higher, buyer maintaining small position.
Support : 1250, 1232, lower Bollinger band level.
Resistant : middle Bollinger band, 1260, 1267 level. Comment :
FKLI closed marginally lower with improved volume despite major Asia market ended lower severely after tested below and still managed to closed above the 1250 support level ended the day with a small 6.5 point range doji bar candle. Daily chart technical view remained bearish biased with side way range bound market likely in the near term.
When to buy : buy at support or weakness with quick cut loss and profit target.
When to sell : sell at resistant or strength with quick cut loss and profit target.
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