Bollinger band reading : pullback correction upside biased.
MACD Histrogram : weakening, buyer taking profit.
Support : 1515, 1505, 1500, 1494 level.
Resistance : 1530, 1540, 1550, 1565 level.
Comment :
FKLI closed recorded small gain with dying volume transacted hand doing 4 points premium compare to cash market that closed little lower. Overnight U.S. market closed rebounded slightly higher and today Asia markets ended mostly higher while European markets also currently trading in positive territory.
Most markets traded higher after lower borrowing cost on Spain and Italy bond auction.
Again, still a pullback correction upside biased market development.
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.
No comments:
Post a Comment