Bollinger band reading : correction range bound upside biased.
MACD Histrogram : rising, buyer in control.
Support : 1550, 1540, 1530, 1515 level.
Resistance : 1565, 1570, 1580, 1590 level.
Comment :
FKLI closed marginally higher with drying out volume transacted doing 6.5 points discount compare to cash market that closed also little higher. Overnight U.S. markets closed higher and today Asia markets having mixed development while European markets also trading indecisively.
Global market reacted differently after news on 6 European countries downgraded by Moody's investors services, Bank of Japan expands stimulus measure and awaits Greece bailout package development.
Chart reading still 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.
No comments:
Post a Comment