Bollinger band reading : bullish biased.
MACD Histrogram : turned lower, buyer taking profit.
Support : 1345, 1337, 1330 level.
Resistant : 1350, 1360, 1390 level.
Comment :
Quiet low volume FKLI traded lower as profit taking activities continue to took place today. Daily chart wise, upside biased with pullback correction reading still in the near term. On the longer time frame, trader should pay attention to a potential rising wedge pattern(bearish) in the forming.
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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