Bollinger band reading : correction range bound upside biased.
MACD Histogram : recovering, buyer seller battling.
Support : 1590, 1580, 1570, 1565 level.
Resistance : 1595, 1600, 1610, 1620 level.
Comment :
FKLI closed recorded small gain with decline volume exchanged doing 8.5 points discount compare to cash market that closed slightly higher. Overnight U.S. markets surged higher snapping back previous loss and today Asia markets closed higher while European markets registering loss.
Asia bourse traded higher after North Korean rocket launch failed plus China reported bank lending surged but at the same time China also reported slower than forecast GDP pressure European markets to trade lower.
Daily chart reading remained suggesting a correction range bound 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