Bollinger band reading : correction range bound little upside biased.
MACD Histrogram : resume falling, buyer seller battling.
Support : 1580, 1570, 1565, 1550 level.
Resistance : 1590, 1600, 1610, 1620 level.
Comment :
FKLI closed recorded loss with better volume transacted with rollover activities doing 1 point premium compare to cash market that closed slightly lower. Last Friday U.S. markets closed rebounded higher and today Asia markets ended mostly little lower while European markets currently drifting between win and losses.
Market sentiment are more biased to negative side as some major China company reported lower earnings and a report shows Chinese banks have understated the risks of loans to local governments.
Technical chart reading adjusted to 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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