Bollinger band reading : side way range bound.
MACD Histrogram : getting lower, seller building position.
Support : 1300, 1290, 1285 level.
Resistant : 1310, 1318, 1325 level.
Comment :
FKLI continue to trade weaker testing lower support level with slightly improved volume participation as regional market sentiment remained negative due to fear of global economy recovery pace. Daily chart shows that price successfully tested and stay below middle Bollinger band support level with the reading remained side way range bound potentially continue to test lower support level.
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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