FKLI closed : 1304, changed : -26.5 points, volume : higher.
Bollinger band reading : downside biased.
MACD Histrogram : continue lower, seller won the battle for now.
Support : 1300, 1290, 1280 level.
Resistant :1318, 1325, 1330 level.
Comment :
Slam Dunk! NBA final! Heavy injury FKLI fall severely today in ultra high volume transaction as cash market drop negatively following the news of PPB Group Wilmar downgrade due to tax fraud claim and follow by other heavy weight plantation related counters like IOICORP and KLK. Today daily chart wide body range black bar candle looks scary with other indication reading suggesting a downside biased market but today already near crucial support heavy fall could potentially trigger a pullback correction before continue heading south.
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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