Bollinger band reading : side way range bound downside biased.
MACD Histrogram : weakening, buyer exit while seller show some interest.
Support : 1485, 1470, 1458, 1445 level.
Resistance : 1500, 1515, 1530, 1540 level.
Comment :
Negative sentiment FKLI closed recorded loss again with improving volume traded doing 3 points discount compare to cash market after consecutive of negative news taking place first with overnight U.S. market severe fall on bond and unemployment issue, middle east turmoil spreading to Saudi Arab and natural disaster news on Japan 8.9 magnitude earthquake affect regional market to performed poorly.
Daily chart formed a down doji bar candle with longer lower shadow positioned in between middle and lower Bollinger band after market opened gap down, traded lower followed by after lunch panic selling due to Japan earthquake news pressed price even lower to touched lower Bollinger band support level before recovered upward to closed off the low of the day.
Reading wise, market has turned into a side way range bound downside biased development possibly testing lower support level should there is further negative news in the U.S., China, middle east and deeper damage on Japan earth quake else there could be a rebound.
When to buy : buy at support or weakness with quick cut loss and profit target.
When to sell : sell at resistant or strength with quick cut loss and profit target.
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