FKLI closed : 1365, changed : +11 points, volume : low.
Bollinger band reading : upside biased.
MACD Histrogram : turned downward, buyer taking profit.
Support : 1360, 1350, 1345 level.
Resistant : 1375, 1385, 1395 level.
Comment :
Hit year high FKLI traded in tight 5.5 point range and lesser volume participation in tandem with major positive development Asia markets. Hourly chart shows market opened higher and continue to reach higher ground following Bollinger band expansion pace with positive pullback effect take place soon but nevertheless the reading still suggesting a upside biased market development.
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