Bollinger band reading : side way range bound little upside biased.
MACD Histrogram : turned downwards, buyer taking profit.
Support : 1530, 1515, 1500, 1485 level.
Resistance : 1540, 1550, 1565, 1580 level.
Comment :
7 points range market FKLI closed recorded small loss with quiet volume participation doing 4 points discount compare to cash market that also closed recorded small loss while regional markets having mixed development and overnight U.S. market continue to closed firmer after weekly jobless claim improved better than forecast.
Daily chart formed a down bar candle position near upper Bollinger band level after market opened little higher, traded range bound and closed near the low of the day.
Chart reading suggesting a side way range bound little upside biased market development testing support and resistance 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.
No comments:
Post a Comment