Fkli
FKLI - Bullish BatFKLI has fallen over 423 points (16th Apr 2018 - 24th Feb 2020)
A bullish bat pattern formed at 1524.00
Currently the price is hover in the PRZ Zone & there is a lower gap between 1515 - 1503. We are waiting for the price moving back upwards and above 1524 then we could looking for a high probability long trade.
PRZ: 1524.00
SL: 1421.5
TP1: 1666.00
TP2: 1753.5
Ideally looking for RSI bounce back out of the oversold zone and climbing towards the PRZ.
FKLI - All Way DownFKLI
Trend: Bearish
Rst: 1,500
Spp: 1,468
Technically in recession as our index plunges more than 20% from its peak over extended period of time.
Current progress - weekly chart telling the index has arrived Fibo Retracement 61.8%, if it fails to grip its support here, next will be 50%.
FKLI (Weekly Chart) - Bearishness PersistsFKLI
Trend: Bearish
Rst: 1,535
Spp: 1,515
Since our index has fallen like nobody business, we have to turn our view into broader one - weekly chart. This week candle formed at lower BB, means further downside cannot be escaped next week. MACD casting bearish crossover as well, more downside.