Bollinger band reading : downward correction but still bullish biased.
MACD Histrogram : weaker, buyer off loading as seller appetite increase.
Support : 1330, 1325, 1318 level.
Resistant : 1337, 1345, 1350 level.
Comment :
FKLI closed the day lower in improve volume traded as buyer continue to offload position to lock in profit. Daily chart wise, the downward correction continue to take place for the 3rd day and could possibly continue to do so testing lower support level near middle Bollinger band level but the underlying trend is still up.
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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