Bollinger band reading : side way range bound testing support.
MACD Histrogram : getting lower, seller increase exposure.
Support : 1290, 1285, 1280 level.
Resistant : 1300, 1310, 1318 level.
Comment :
FKLI dropped significatly lower with increase volume changed hand successfully break and stayed below crucial and pshychological 1300 support level. Daily chart show that price is likely to continue testing lower support level near the lower Bollinger band level with the outlook having a side way range bound 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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