Bollinger band reading : side way range bound.
MACD Histrogram : recovering, lack of participation from both buyer and seller.
Support : 1500, 1485, 1470 level.
Resistant : 1530, 1550, 1580 level.
Comment :
FKLI closed marginally lower recorded small loss with lower volume traded following major regional market traded mixed ahead of tonight U.S. non farm payroll data report. Daily chart formed a down bar candle after market opened gap up at the high of the day and sell down due to profit taking activities closed near middle Bollinger band support level with the reading suggesting a side way range bound market development testing support and resistant level.
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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