Bollinger band reading : pullback correction upside biased.
MACD Histogram : turned lower, buyer closing position.
Support : 1590, 1580, 1570, 1565 level.
Resistance : 1595, 1600, 1610, 1620 level.
Comment :
FKLI closed recorded loss with better volume traded doing about 8 points discount compare to cash market that also fall lower. Overnight U.S. markets closed recorded loss and today Asia markets ended mostly lower while European markets trading in negative zone.
Despite U.S. reported better factory orders data, global markets traded lower after Federal Reserve signals there is no need to provide further monetary stimulus as economy is improving. Markets also awaits ECB decision on interest rate announcement.
Technical chart reading adjusted to 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.
No comments:
Post a Comment