Bollinger band reading : bullish but over extended.
MACD Histrogram : recovering, buyer still in.
Support : 1310, 1300, 1270 level.
Resistant : 1350, 1370, 1390 level.
Comment :
FKLI ended higher with higher volume lower after hitting 2 years high and followed by profit taking pushed price to closed near the low. Weekly chart outlook still look bullish biased but the over extended upward movement could triggered a pullback effect and market is still potentially trade higher.
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