Bollinger band reading : side way range bound little upside biased.
MACD Histrogram : falling, seller testing market.
Support : 1458, 1445, 1440, 1435 level.
Resistance : 1470, 1477, 1485, 1491 level.
Comment :
FKLI closed recorded loss with slower volume participation doing about 2.5 points discount compare to cash market that closed lower. Overnight U.S. markets ended recorded loss and today Asia markets closed mostly lower while European markets currently registering loss.
European market opened and trading lower ahead of France and Spain bond sell ad investors stay sideline wacthinng closely the bond yield. Overnight Fitch rating statement on Europen contagion risk will affect U.S. banks plus above $100 crude oil price pressure most regional markets to trade lower.
Daily chart formed a doji bar candle closed below middle Bollinger band support level after market opened lower and traded range bound through out the day in negativce territory to closed at opening price.
Chart reading adjusted to 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 resistance or strength with quick cut loss and profit target.
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