Bollinger band reading : side way range bound.
MACD Histrogram : reverse lower, buyer off loading.
Support : 1285, 1278, 1270 level.
Resistant : 1290, 1300, 1307 level.
Comment :
FKLI traded in pessimistic breath with moderate volume after market tested above the 1290 resistant level but has failed to stay above it as traders getting caution on possible rate hike that is going to be announce tomorrow by Bank Negara. Hourly chart reading also turned from bullish into a side way range bound development market that is now testing support level.
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