Bollinger band reading : range bound, upside biased.
MACD Histrogram : weakenning, buyer taking profit plus roll over .
Support : 1350, 1345, 1337 level.
Resistant : 1360, 1375, 1385 level.
Comment :
Last Friday Dow Jones positive closed lead FKLI to opened gap up higher and test higher followed by profit taking selling pressure plus switching months activities pushed price consolidate lower in better volume changed hand. Hourly chart reading suggesting a correction range bound upside biased market for the near term testing support level at middle Bollinger band.
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