Bollinger band reading : correction range bound upside biased.
MACD Histrogram : recovering, buyer seller battling.
Support : 1570, 1565, 1550, 1540 level.
Resistance : 1580, 1590, 1600, 1610 level.
Comment :
FKLI closed recorded small gain with shrinking volume traded doing 2 points premium compare to cash market that also closed little higher. Overnight U.S. markets closed corrected lower and today Asia markets ended mostly lower while European markets drifting between gains and losses.
Global markets resting lower after recent gains as U.S. Dollar bounce up after Federal Reserve statement of improving U.S. economy.
Technical reading still suggesting a correction range bound upside biased market development testing upper Bollinger band resistance level.
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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