Comment:
A candle closed below yellow highlighted will conclude that FKLI will continue trend downside.
Our preference:
IF FKLI break below yellow trendlines , bearish flag will materialize. Traders may looks for selling opportunities with targets at 1500 support level .
Alternative scenario:
A candle closed above 1525 resistance level buying pressure will kick in. Trader may look for long opportunities with 1538 as target
A candle closed below yellow highlighted will conclude that FKLI will continue trend downside.
Our preference:
IF FKLI break below yellow trendlines , bearish flag will materialize. Traders may looks for selling opportunities with targets at 1500 support level .
Alternative scenario:
A candle closed above 1525 resistance level buying pressure will kick in. Trader may look for long opportunities with 1538 as target