Bollinger band reading : downside biased.
MACD Histrogram : continue lower, seller ruled.
Support : 1270, 1265, 1260 level.
Resistant : 1274, 1280, 1290 level.
Comment :
Seller dominated FKLI closed the day near the low with increasing volume transacted despite a recovery recorded with major regional market. Daily chart continue to shows a way oversold downside biased market without any pullback correction as seller give no chance for Mr Bull to come back for the time being.
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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