Bollinger band reading : correction range bound upside biased.
MACD Histrogram : turned lower, buyer taking profit.
Support : 1540, 1530, 1515, 1505 level.
Resistance : 1550, 1565, 1570, 1580 level.
Comment :
FKLI closed recorded loss with better volume changed hand doing 3.5 point discount compare to cash market that closed lower. Overnight U.S. markets closed lower and today Asia markets ended declined lower while European markets also trading in negative territory.
Global markets sentiment turned negative after news of Greece second bailout was postponed and slower foreign direct investment in China.
Chart study still suggesting a pullback correction upside biased market development after recent gains.
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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