FKLI closed : 1564.5 changed : +4 points, volume : higher.
Bollinger band reading : upside biased.
MACD Histrogram : recovering, buyer in advantage as seller leaving.
Support : 1550, 1540, 1530, 1515 level.
Resistance : 1565, 1580, 1590, 1600 level.
Comment :
FKLI closed recorded gain with improved volume traded doing 3.5 points premium compare to cash market while Asia and Europe trading mostly higher and overnight U.S. market continue to closed firmer.
Most regional markets trading in technical rebound mode today.
Daily chart formed an up doji bar candle with long lower shadow positioned near upper Bollinger band level.
Technical chart reading suggesting a upside biased market development testing higher resistance level with MACD indicator having positive cross up.
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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