201203069 1734 FKLI EOD Daily Chart Study.

FKLI closed : 1582.5 changed : -10.5 points, volume : higher.
Bollinger band reading : pullback correction upside biased.
MACD Histrogram : turned downward, buyer lock in profit.
Support : 1580, 1570, 1565, 1550 level.
Resistance : 1590, 1600, 1610, 1620 level.
Comment :
FKLI closed recorded loss with increasing volume participation doing about 7.5 points discount compare to cash market that closed nearly unchanged. Overnight U.S. markets closed marginally lower and today Asia markets ended in loss while European markets currently trading lower.
China lower economic growth target, slower than estimates manufacturing and services in the euro area continue haunting market to trade lower plus markets awaits Greece debt-swap deal deadline near.
Daily chart study revised to calling 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.