FKLI traded lower today after announcement on Malaysia GDP contraction of 6.2%. Even it has been revised to contraction of 4%-5% in the afternoon, it doesn't bring much positive impact as trader continue taking profit from yesterday hike.
FKLI closed 11.5 points lower @ 1038.5 with Bollinger Band width continue contraction and candle nearer to middle BB band. Both MACD & RSI continue heading south.
Resistance @ 1044.5, 1055.5, 1059.5 while support @ 1033.5, 1025, 991.
HAPPY TRADING
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