20120627 1745 FKLI EOD Daily Chart Study.

FKLI closed : 1604.5 changed : +13.5 points, volume : lower.
Bollinger band reading : pullback correction upside biased.
MACD Histogram : weakenning, buyer taking profit.
Support : 1600, 1590, 1580, 1570 level.
Resistance : 1610, 1620, 1630, 1640 level.
Comment :
FKLI closed rallied higher recovered all yesterday loss with decline volume changed hand doing 3 points premium compare to cash market that closed higher. Overnight U.S. markets rebounded little higher and today Asia markets traded in positive tones while European markets currently having mixed development.
Global market traded higher on speculation China will implement stimulus measure and possible bottoming U.S, housing market while monitoring closely EU summit meeting development. Back home, upbeat on tomorrow Felda Global Venture debut send local cash and futures market higher.
End of day chart study still calling a pullback correction upside 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.