Bollinger band reading : side way range bound.
MACD Histrogram : recovering, buyer seller battling.
Support : 1515, 1505, 1500, 1494 level.
Resistance : 1530, 1540, 1550, 1565 level.
Comment :
FKLI closed recorded gains with improving volume transacted doing 13.5 points discount compare to cash market that also closed higher. Overnight U.S. market closed recorded small gain and today Asia markets traded ended mostly higher while European markets trading between gain and losses.
Global markets traded higher after Japan, U.S. and Europe recorded improved manufacturing data.
Daily chart study remained 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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