Bollinger band reading : side way range bound.
MACD Histrogram : weakenning, buyer seller on holiday mood.
Support : 1458, 1445, 1440, 1435 level.
Resistance : 1470, 1477, 1485, 1491 level.
Comment :
FKLI closed recorded loss with ultra low volume transacted doing about 3.5 points discount compare to cash market that closed lower. Overnight U.S. market closed firmer and today Asia markets ended lower while European markets currently trading higher.
Asia markets traded lower as investors choose to stay away ahead of Europena Union summit and slowing Japan machinery data while European markets trading higher on hope of further boosting measure from ECB.
Daily chart formed a small down bar candle closed nearer to middle Bollinger band level after market opened little lower, slide downward and move side way range bound to closed near the low of the day.
Chart study still suggesting a side day range bound 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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