Bollinger band reading : pullback correction upside biased.
MACD Histogram : falling lower, buyer closing position as seller battling.
Support : 1590, 1580, 1570, 1565 level.
Resistance : 1595, 1600, 1610, 1620 level.
Comment :
FKLI closed little lower with improving volume exchanged doing 3.5 points discount compare to cash market that ended weaker. Overnight U.S. markets closed weaker and today Asia markets ended mostly lower while European markets swing between gains and losses.
Sentiment turned negative on renew concern over Europe debt crisis as Spain face difficulties to sell bonds and markets awaits U.S. jobless claims data.
Daily chart study remained calling a pullback correction upside biased market development with MACD indicator having negative crossed down.
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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