Bollinger band reading : pullback correction downside biased.
MACD Histogram : falling lower, seller in control.
Support : 1530, 1515, 1500, 1485 level.
Resistance : 1540, 1550, 1565, 1550 level.
Comment :
FKLI closed rebounded higher with reduced volume changed hand doing 10 points discount compare to cash market that also closed higher. Overnight U.S. markets closed lower and today Asia markets ended mostly higher while European markets still trade weaker today.
Most of Asia market doing small recovery after last night U.S. Federal Reserve statement will do more to stimulate its economy and Japan better than forecast economy growth while European region markets trading lower as ECB stop lending to Greece banks to reduce risk.
Daily chart reading adjusted to suggesting a pullback correction downside 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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