Bollinger band reading : side way range bound.
MACD Histrogram : falling, seller testing market.
Support : 1458, 1445, 1440, 1435 level.
Resistance : 1470, 1477, 1485, 1491 level.
Comment :
FKLI closed recorded small loss with little improved volume transacted nearly on par to cash market that closed slightly lower. Overnight U.S. market closed recorded loss again and today Asia markets ended mostly lower while European markets having mixed development with England, France and Germany trading weaker.
Slower U.S. retail sales and Federal Reserve refrained from taking new measures to spur growth leaded global markets to trade lower.
Daily chart formed an up doji bar candle closed above middle Bollinger band level after market opened lower, recovered upwards into positive territory followed by 2nd session downward swing to closed off the higher of the day.
Still, technical chart suggesting a side way 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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