Bollinger band reading : side way with a little upside biased.
MACD Histrogram : recovering. buyer taking chances.
Support : 1300, 1270, 1230 level.
Resistant : 1310, 1350, 1390 level.
Comment :
Weekly chart reading shows that market is just started to turned positive from a side way range bound market. Should Bollinger band continue to expand wider in the coming week, market is likely to trade further upside. But else the side way range bound market will likely continue.
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