Bollinger band reading : correction range bound little upside biased.
MACD Histrogram : turned upward again, buyer seller battling.
Support : 1550, 1540, 1530, 1515 level.
Resistance : 1565, 1580, 1590, 1600 level.
Comment :
FKLI closed recorded gain with higher volume transacted doing about 9.5 points discount compare to cash market that closed higher while Asia and Europe trading lower despite overnight U.S. market closed rebounded higher.
Asia region markets continue to registered loss as fear arise on potential Greece may default on its sovereign debt.
Daily chart formed an up bar candle with upper shadow closed above middle Bollinger band level after market opened 1 point higher, move upwards slowly tested near resistance level and eased lower slightly to closed off the high of the day.
Still, market is likely to have correction range bound little upside biased 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.
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