Bollinger band reading : correction range bound upside biased.
MACD Histrogram : falling lower, seller testing market.
Support : 1515, 1505, 1500, 1494 level.
Resistance : 1530, 1540, 1550, 1565 level.
Comment :
FKLI closed recorded loss with thinner volume transacted doing half point discount compare to cash market that also closed slightly lower. Overnight U.S. market closed recorded small gain and today Asia markets ended mixed while European markets currently trading lower.
Global markets reacted differently with news from World Bank gutting global growth forecast, Greece near getting debt deal with private creditors, better U.S. and Germany economy data and declined China foregin direct investment.
Technical reading remained suggesting a correction range bound upside biased market development with immediate support near middle Bollinger band.
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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