Bollinger band reading : downside biased.
MACD Histrogram : continue lower, seller ruled.
Support : 1240, 1232, 1220 level.
Resistant : 1250, 1260, 1265 level.
Comment :
Bear haunted FKLI deliberatly punished all the buyer to closed almost at the low of the day with sustaining increase volume traded forming a scary wide range down bar candle way way seriouly way below the lower Bollinger band. Needless to mentioned, the daily chart reading continue to show a downside biased market that is 20 points away from a critical pivotal support level with potential pullback could take place soon.
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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