Bollinger band reading : correction range bound little upside biased.
MACD Histrogram : turned upward, buyer seller battling.
Support : 1570, 1565, 1550, 1540 level.
Resistance : 1580, 1590, 1600, 1610 level.
Comment :
FKLI closed recorded gain with quiet volume traded doing 2 points discount compare to cash market that also closed higher. Overnight U.S. markets closed recorded small gain and today Asia markets traded mixed while European markets currently trading weaker.
Global markets still traded mixed having different opinion on news of China raised fuel prices, China car makers association said auto sales will miss forecast and Federal Reserve board member warned the U.S. economy rebound still faces risks.
Back home, FKLI technical chart reading still suggesting a correction range bound little 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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