FKLI traded higher ahead of new cabinet announcement as well as keeping the strength after announcment has been made. FKLI closed 12.5 points higher @ 925.5.
Bollinger band width remain constant with candle staying above middle BB band. Midlle BB band become the major support while resistance resides in the upper BB line.
Can expect some profit taking due to the uptrend. However some upside about DowJone break 8000 points and trader are adviced to be cautious when jumping in any position.
Support @ 889, 885, 881 while resistance @ 932, 936, 940
HAPPY TRADING!
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