Bollinger band reading : side way range bound little upside biased.
MACD Histrogram : turned downward, buyer reducing exposure.
Support : 1500, 1485, 1470, 1458 level.
Resistance : 1515, 1530, 1540, 1550 level.
Comment :
Negative sentiment FKLI closed recorded loss with much higher volume traded doing 1.5 point discount compare to cash market despite U.S. market last Friday closed higher while regional markets mostly lower after another earlier Japan 6.5 earthquake, unsettle Japan nuclear power plant scenario, news on Germany state election favor opposition and Portugal debt issue.
Daily chart formed a down doji bar candle with longer lower shadow positioned nearer to middle Bollinger band level after market opened 1 tick lower, slide down lower before recover partial of earlier losses to closed off the low of the day.
Chart reading still suggesting a side way range bound little upside biased market development testing support and resistant level.
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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