Bollinger band reading : pullback correction upside biased.
MACD Histrogram : rising, buyer in control.
Support : 1550, 1540, 1530, 1515 level.
Resistance : 1565, 1570, 1580, 1590 level.
Comment :
FKLI closed little lower with shrinking volume transacted doing 8.5 points discount compare to cash market that also closed recorded small gain. Overnight U.S. markets closed recorded small gain again and today Asia markets ended lower while European markets currently registering small loss.
Global markets slipped lower after European leader held back on Greece rescue package resulted investors to reduce exposure ahead of the weekend.
Chart study revised to suggesting 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.
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