Bollinger band reading : side way correction.
MACD Histrogram : weaker, buyer off loading.
Support : 1300, 1295, 1290 level.
Resistant : 1307, 1315, 1325 level.
Comment :
Lack of catalyst and anticipation of a possible non friendly market announcement from the US meeting tomorrow trapped FKLI to trade badly with the continue downward market correction that ended near the low of the day in lower volume participation. Daily chart shows correction continue to took place for the third consecutive days within a small uptrend market and suggesting market to trade side way range bound testing support and resistant level 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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