Bollinger band reading : pullback correction little upside biased.
MACD Histogram : falling lower, buyer leaving as seller testing market.
Support : 1580, 1570, 1565, 1550 level.
Resistance : 1590, 1595, 1600, 1610 level.
Comment :
FKLI closed recorded loss with better volume changed hand doing 5 points discount compare to cash market that ended lower. Last Friday U.S. markets closed for Good Friday and today Asia markets ended in negative territory while European markets still closed for holiday.
Slower than estimated U.S. jobs growth and China recorded faster than expected inflation lead markets to trade lower while investors awaits U.S. 1st quarter corporates earning reports.
Technical chart study adjusted to recommending a pullback correction 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.
No comments:
Post a Comment