Bollinger band reading : sentiment turned positive.
MACD Histrogram : getting higher, buyer returned to the market with short covering.
Support : 1260, middle Bollinger band, 1250 level.
Resistant : 1270, 1278, 1290 level.
Comment :
Wild FKLI opened and traded higher in tandem with Asia major market that fluctuated within a huge 29.5 point range. Hourly chart wise, the outlook turned bullish with further upside potential but the over upward extended first hourly candle of today could triggered market to consolidate side way before testing higher resistant level.
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