Bollinger band reading : side way upside biased.
MACD Histrogram : getting weaker, buyer lock in profit.
Support : 1285, 1278, 1270 level.
Resistant : 1290, 1300, 1307 level.
Comment :
FKLI opened and traded higher but face strong resistant at 1290 level follow by profit taking pressed price to closed near the low of the first session. Looking at the hourly chart, the 2nd candle of today touched and tested above the upper Bollinger band triggered market to do a downward consolidate correction. On the 2nd half session, market could still continue to do have a downward correction testing support level before resume its upward movement. But overall still a uptrend market with temporary correction taking place.
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