DAILY FKLI COMMENTARY
Comment:
The immediate trend remain down. However, there might shows some weakness in this downtrend as FKLI reach it's support level 1485 zone.
Our preference:
Traders may looks for selling opportunities at least have a candle closed below 1485 zone with targets at 1460 support level .
Alternative scenario:
A candle closed above 1500 resistance level could suggest buying pressure . Trader may look for long opportunities with 1510 as target.
The immediate trend remain down. However, there might shows some weakness in this downtrend as FKLI reach it's support level 1485 zone.
Our preference:
Traders may looks for selling opportunities at least have a candle closed below 1485 zone with targets at 1460 support level .
Alternative scenario:
A candle closed above 1500 resistance level could suggest buying pressure . Trader may look for long opportunities with 1510 as target.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.