Bollinger band reading : correction range bound upside biased.
MACD Histrogram : resume falling, buyer seller battling.
Support : 1570, 1565, 1550, 1540 level.
Resistance : 1580, 1590, 1600, 1610 level.
Comment :
FKLI closed recorded loss with decreasing volume transacted doing 4.5 points premium compare to cash market that closed lower. Overnight U.S. markets continue to closed firmer and today Asia markets traded mixed while European markets also trading indecisively.
Global market traded mixed after U.S. reported better consumer confidence and lower unemployment data with slowing China and India economy growth development.
Technical reading revised to calling a correction range bound upside biased market development testing support near middle Bollinger band 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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