Bollinger band reading : downside biased.
MACD Histrogram : recovering, seller lock in partial profit.
Support : 1274, 1270, 1265 level.
Resistant : 1280, 1290, 1300 level.
Comment :
Severe drop in the US Dow Jones market negative sentiment spilled over to major Asia market to that traded badly leaded FKLI to trade 20 points lower for the first session in high volume changed hand. Hourly chart wise, market opened bandly below the plotted upward trendline and lower Bollinger band level and is currently having pullback correction within a downside biased market testing lower support level.
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