Bollinger band reading : pullback correction downside biased.
MACD Histrogram : recovering, seller locking in profit.
Support : 1470, 1458, 1445, 1425 level.
Resistance : 1485, 1500, 1515, 1530 level.
Comment :
FKLI closed recorded gain with getting lower volume traded doing about 4.5 points discount compare to cash market that closed higher. Overnight U.S. market closed rebounded higher and Asia markets ended mixed while European markets currently trading higher.
Regional markets traded between win and losses after mixed news on good corporate earnings, stalling France economy, Italy deficit cut measure and Hong Kong 2nd quarter lower GDP.
Daily chart formed a doji bar candle with longer lower shadow closed above lower Bollinger band level after market opened higher, traded range bound for about 2 hours and slide lower tested support level recorded loss before recovered upwards higher to closed right at opening price.
Chart study suggesting a correction range bound downside 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