FKLI closed : 1318.5 changed : +21.5 points, volume : lower.
Bollinger band reading : side way range bound little upside biased.
MACD Histrogram : reversed upward, buyer returned for a match.
Support : 1310, 1300, 1270 level.
Resistant : 1335, 1350, 1360 level.
Comment :
50.5 points range market with decreasing volume FKLI closed higher week on week possibly due to 2nd quarter window dressing activities. Weekly chart shows that market is trading side way range bound as the Bollinger band width continue to turn inwards. On the outlook wise, the reading suggesting a side way range bound upside biased market.
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