Bollinger band reading : upside biased.
MACD Histrogram : weakening, buyer taking profit.
Support : 1550, 1540, 1530, 1515 level.
Resistance : 1565, 1570, 1580, 1590 level.
Comment :
FKLI closed rallied higher parring all yesterday losses with thiner volume transacted doing about 3.5 points premium compare to cash market that also soar higher. Overnight U.S. markets closed recorded gains and today Asia markets ended in positive territory while European markets currency climbing higher.
Positive U.S. manufacturing and jobs data and speculation that Greece will reach bailout agreement with European leader lifted global markets higher.
Techinical chart reading revised to suggesting an 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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