Bollinger band reading : side way range bound downside biased.
MACD Histrogram : resume lower, seller stay cautiously in the market.
Support : 1485, 1470, 1458, 1445 level.
Resistant : 1500, 1530, 1550 level.
Comment :
FKLI closed recorded small decline with higher volume changed hand as major regional market traded lower in the morning session and rebounded to record gain for the afternoon session with the main focus now in tonight US economy data. Daily chart formed a long lower shadow down doji bar candle after market opened and tested lower support level near lower Bollinger band level and rebounded upward to closed off the low with the reading still suggesting a side way range bound downside biased market development.
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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