Bollinger band reading : little downside biased.
MACD Histogram : recovering, seller reducing position.
Support : 1570, 1565, 1550, 1540 level.
Resistance : 1580, 1590, 1595, 1600 level.
Comment :
FKLI closed recorded loss with reduced volume transacted doing 6.5 points discount compare to cash market that also closed lower. Last Friday U.S. markets falls lower and today Asia markets ended in reds while European markets currently trading registering loss.
Investors seems raising concern over changes in France and Greece political situation may lead to more complex European debt resolution decided to press the sell button to reduce exposure under current uncertainty situation.
Daily technical reading revised back to suggesting a little downside biased market development unless market manage to penetrade middle Bollinger band 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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