Bollinger band reading : correction range bound upside biased.
MACD Histogram : turned falling, buyer seller battling.
Support : 1590, 1580, 1570, 1565 level.
Resistance : 1595, 1600, 1610, 1620 level.
Comment :
FKLI closed recorded loss with quiet volume changed hand doing 4.5 points discount compare to cash market that closed little higher. Overnight U.S. markets closed higher and today Asia markets ended in positive zone while European markets moving little downward.
Broad markets traded higher after IMF raised global economies forecast and awaits some U.S. corporates earnings report.
Still, FKLI daily technical reading suggesting a correction range bound upside biased market development but seems having difficulties breaking through resistance level.
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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