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 1 tick lower with increased volume exchanged doing 1 point discount compare to cash market that closed slightly higher. Overnight U.S. market closed recorded loss again and today Asia markets closed recorded loss while European markets trading higher.
Possible slower China manufacturing data and weaker Korea retail sales resulted Asia region markets to trade weaker.
Daily chart formed an up doji bar candle with lower shadow closed near middle Bollinger band level after market opened lower, dive deeper and consolidated until 2nd half session recovery back into positive zone before eased little downward to closed near the high of the day.
FKLI still likely to trade side way range bound testing support and resistance level for the near term.
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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