There is a slight upward bias to FKLI and a close above 1530 should confirm that. However, a close below 1522, Wednesday afternoon's low, may see downward bias returning.
Resistance is still Wednesday's high of 1530, then Monday's low of 1538 and then 1550.
Below 1522, buyers may come in at 1513 and then psychological support and low of week of 1500.
The longer term trend is still up.
Sentiment turned weak again as futures was priced cheap and price has to close higher to keep rebound intact.
21 day moving average is now at 1551.
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