FKLI closed : 1504.5, changed : +0.5 point, volume : higher.
Bollinger band reading : little upside biased.
MACD Histrogram : rising, buyer taking exposure.
Support : 1500, 1494, 1485, 1470 level.
Resistance : 1505, 1515, 1530, 1540 level.
Comment :
FKLI closed 1 tick higher with improved volume participation nearly on par with cash market that closed higher. Overnight U.S. market closed mixed and today Asia markets ended mostly lower while European markets currently having mixed development.
Global markets traded mostly little changed awaits Italy bond auction, lower U.S. housing price and falling Japanese factory production.
Daily chart formed an up doji bar candle with longer lower shadow closed near upper Bollinger band level after market opened and traded lower followed by upward recovery into positive zone before soften little lower to closed near the high of the day.
Technical study suggesting a little upside biased market development testing previous high near 1513 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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