Bollinger band reading : side way correction.
MACD Histrogram : falling, seller still in.
Support : 1290, 1285, 1280 level.
Resistant : 1295, 1300, 1307 level.
Comment :
FKLI traded lower with sustaining volume changed hand after opened lower and recovered but last hour selling activities pushed price down from the high to end lower as trader reducing exposure after the announced negative news from US on the passed of Obama proposed medical bill. Daily chart candle faced some resistant today during the attempt to test the middle Bollinger band level but the chart reading has yet to turned negative and still suggesting a side way range bound market.
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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