Bollinger band reading : coorection downside biased.
MACD Histrogram : buyer closing position.
Support : 1337, 1330, 1325 level.
Resistant : 1345, 1350, 1360 level.
Comment :
Overnight Dow Jones drop plus a negative sentiment regional market development resulted FKLI to opened and testing lower level of support before recover slightly but still recording a lower close for lunch time. Hourly chart shows that market opened and traded below lower Bollinger band and are now having a pullback correction with the reading suggesting a downside biased market development.
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