Bollinger band reading : side way range bound upside biased.
MACD Histrogram : getting lower, buyer reduce position as seller present.
Support : 1337, 1330, 1325 level.
Resistant : 1345, 1350, 1360 level.
Comment :
Mostly range bound FKLI ended the first session lower with maintaining volume transaction as sentiment turned little negative due to the news of US economy recovery pace plus forecast of a slower 2nd half China growth. Break and stayed below middle Bollinger band hourly chart indicate seller trying to test the market with the outlook having a range bound correction upside biased market reading.
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