FKLI experience volatility today open in red, recovered positively touching Fibbonaci Retracement 61.8% but couldn't break it. It follows with downtrend moving below 906 and finally gain some momentum at the late trading hour ends up closed at 3 points gaining.
Overall volume continuously decrease and Bollinger Band still in contracting wave and it indicate consolidation. Current critical resistance which is also Fib 61.8% is @ 914. Short term FKLI might experience some down turn with immediate support @ 888, 885 and 880 while resistance @ Fib 61.8% level which is 914, follow by 920.
Happy Trading!
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