Bollinger band reading : downside biased.
MACD Histrogram : continue lower, seller patrolling their territory.
Support : 1300, 1290, 1280 level.
Resistant :1318, 1325, 1330 level.
Comment :
Wild swing day on FKLI that opened and traded higher due to profit taking followed by seller intensified their attack to push price lower with second round of profit taking to lifted price to closed off the low above crucial support level. Daily chart candle formed a long upper and lower shadow doji bar at below lower Bollinger band level that could trigger a potential pullback correction before continue its downside biased movement.
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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