FKLI – Have sign of reversal?
Price of FKLI moving lower high lower low align with RSI from1791 to 1744.5. RSI breakup the down trend line (as show in blue arrow) that show Buyer showing strength and interest at the price level.
Bullish Divergence
Another signal is the bullish divergence (Orange Line) formed on Monday. If price Move higher than 1762 will confirm the price reversal formation.
For more info about RSI Divergence: http://www.investopedia.com/articles/trading/08/price-momentum.asp
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