Bollinger band reading : correction side way range bound upside biased.
MACD Histrogram : getting lower, buyer leaving while seller show some interest.
Support : 1530, 1515, 1500 level.
Resistance : 1550, 1560, 1570 level.
Comment :
FKLI closed recorded huge losses with higher volume traded after regional market ended lower today and yesterday.
Daily chart formed a wide range down bar candle after market opened gap down and dive deeper to closed near the low of the day below middle Bollinger band support level with the reading still suggesting a correction side way range bound upside 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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