Bollinger band reading : pullback correction little downside biased.
MACD Histrogram : turned upward, seller lock in profit.
Support : 1445, 1440, 1435, 1425 level.
Resistance : 1458, 1470, 1480, 1491 level.
Comment :
FKLI closed recorded massive gain with improved volume changed hand doing 0.5 point premium compare to cash market that also ended higher. Overnight U.S. markets ended recorded substantial loss again and today Asia markets closed mostly higher while European markets currently trading higher.
Most regional markets having technical rebound after recent falls. News wise, S&P rating said that Japan may be closed to a downgrade, German reported private consumption expanded 0.8 percent from the second quarter and gross domestic product advanced 0.5 percent from the previous quarter.
Daily chart formed an wide range up bar candle closed nearer to middle Bollinger band level after market opened and trade little lower and swing upwards all the way to closed near the high of the day.
Market still trading in pullback correction phase within a little downside 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 resistance or strength with quick cut loss and profit target.
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