Bollinger band reading : correction range bound little upside biased.
MACD Histogram : falling lower, seller testing market.
Support : 1580, 1570, 1565, 1550 level.
Resistance : 1590, 1595, 1600, 1610 level.
Comment :
FKLI closed recorded loss with little improve volume exchanged doing 4 points discount compare to cash market that also closed lower. Overnight U.S. markets closed lower and today Asia markets ended mixed while European markets trading lower.
Released overnight disappointing U.S. economy data and European region higher interest rate bond sales development send most of the world market trading lower.
Daily chart analysis remained suggesting a correction range bound little upside biased market development breaking below middle Bollinger band 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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