Bollinger band reading : side way range bound.
MACD Histogram : recovering, seller reducing position.
Support : 1580, 1570, 1565, 1550 level.
Resistance : 1590, 1595, 1600, 1605 level.
Comment :
FKLI closed recorded gains with decreasing volume traded doing 5 points discount compare to cash market that rebounded higher. Overnight U.S. markets closed mixed and today Asia markets ended mostly rebounded little higher while European markets currently trading weaker.
Still uncertain over how Greece and France political changes will affect Europe debt crisis resolution process with some better corporate earnings report from Japan and Warren Buffet statement of "American Banks are in fine shape resulted global market to trade mixed.
Technical chart reading revised to suggesting a side way range bound market development after market managed to break and stayed above 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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