Bollinger band reading : pullback correction upside biased.
MACD Histrogram : falling lower, buyer leaving while seller testing market.
Support : 1570, 1565, 1550, 1540 level.
Resistance : 1580, 1590, 1600, 1610 level.
Comment :
FKLI closed marginally lower with quiet volume changed hand doing 2 points discount compare to cash market that also closed slightly higher. Overnight U.S. markets closed firmer and today Asia markets ended higher while European markets currently drifting between positive and negative zone.
Global market traded mostly higher after Greece completed its debt swap deal and China reported lower Feb inflation rate while awaits U.S. monthly jobs report.
Technical analysis still 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.
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