Bollinger band reading : pullback correction upside biased.
MACD Histrogram : weakening, buyer reducing position.
Support : 1570, 1565, 1550, 1540 level.
Resistance : 1580, 1590, 1600, 1610 level.
Comment :
FKLI closed recorded loss with decline volume transacted doing less than a point premium compare to cash market that closed recorded loss. Overnight U.S. markets recorded 2012 biggest falls and today Asia markets ended weaker while European markets edge up little higher currently.
Remained unknown over Greece debt swap deal raised some worries among investors with Australia economy soar below forecast plus slowing euro area GDP pressed global markets to trade lower.
Chart reading remained suggesting 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.
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