Bollinger band reading : side way range bound little downside biased.
MACD Histogram : resume falling, seller still in.
Support : 1570, 1565, 1550, 1540 level.
Resistance : 1580, 1590, 1595, 1600 level.
Comment :
FKLI closed fall lower with drying out volume transacted doing about 7 points discount compare to cash market that also closed lower. Overnight U.S. markets closed recorded loss and today Asia markets ended in negative territory while European markets continue to trade lower.
Worries on getting tension Greece political development will further worsen Europe debt crisis pressured global markets to trade lower.
Daily chart study adjusted to calling a side way range bound little downside biased market development after market failed to stay above middle Bollinger band level.
When to buy : buy at support or weakness with quick cut loss and profit target.
When to sell : sell at resistance or strength with quick cut loss and profit target.
No comments:
Post a Comment