Bollinger band reading : correction range bound upside biased.
MACD Histogram : recovering, buyer seller battling.
Support : 1595, 1590, 1580, 1570 level.
Resistance : 1600, 1610, 1620, 1630 level.
Comment :
FKLI closed unchanged with better volume traded doing about 2 points premium compare to cash market that closed little lower. Overnight U.S. markets closed mixed and today Asia markets ended mostly lower while European markets currently trading little higher.
Still mixed development across the globe with U.S. recorded better than estimate retail data, China foreign direct investment declined for the 5th month and Spain borrowing cost increased to the highest level this year ahead of debt auction.
Back home, FKLI daily chart study still 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.
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