FKLI Failed to Break Above Resistance

Based on 30 minute chart above, FKLI failed to break the resistance even with lots of Sign of Strength. The failed breakout mean lack of interest by Smart Money in long position. The bars subsequent close lower with Sign of Weakness (Sell-Off) show there is a chance Mark-down stage will continue.

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This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock