Bollinger band reading : side way range bound little upside biased.
MACD Histrogram : turned lower again, seller counter attack.
Support : 1445, 1425, 1405 level.
Resistant : 1458, 1470, 1485 level.
Comment :
FKLI surrendered most of yesterday gain to closed recorded decline in ultra high volume transaction after opened and tested lower closing near the low of the day. Daily chart formed a down bar candle closing below middle Bollinger band with the reading suggesting a side way range bound little upside biased.
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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