Bollinger band reading : upside biased with potential correction.
MACD Histrogram : tuned downward, buyer taking profit.
Support : 1337, 1330, 1325 level.
Resistant : 1345, 1350, 1360 level.
Comment :
All regional market reacted possitively towards China's vows Yuan flexibility and the same goes to FKLI and traded strongly in sustaining volume changed hand. Hourly chart shows that market opened and traded higher within a 8 points range and the reading suggesting a upside biased market with potential pullback correction.
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