Bollinger band reading : correction range bound upside biased.
MACD Histrogram : resumed weakening, buyer reducing position.
Support : 1550, 1540, 1530, 1515 level.
Resistance : 1565, 1570, 1580, 1590 level.
Comment :
FKLI closed recorded loss with little improved volume transacted doing 3.5 points discount compare to cash market that closed little lower. Overnight U.S. markets closed mixed and today Asia markets ended mostly recorded small gain while European markets currently trading little lower.
Global market reacted differently over higher crude oil price, clueless Greece future development and weaker Yen.
Chart reading switch back to suggesting a correction range bound 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