Bollinger band reading : downside biased with potential correction.
MACD Histrogram : getting weaker, seller in charge.
Support : 1300, 1290, 1285 level.
Resistant : 1310, 1318, 1325 level.
Comment :
Weaker FKLI closed for lunch right at the support level with lower volume 7 point range market. Hourly chart shows that price dropped and closed below lower Bollinger band potentially trigger and pullback correction within a downside biased reading.
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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