Bollinger band reading : upside biased.
MACD Histogram : turned upward, buyer still in control.
Support : 1610, 1600, 1590, 1580 level.
Resistance : 1620, 1630, 1640, 1650 level.
Comment :
FKLI closed recorded gain with slightly higher volume transacted doing 4.5 points premium compare to cash market that closed firmer. Overnight U.S. markets closed mixed and today Asia markets ended firmer while European markets currently trading higher.
Global markets edge upwards on hope that central banks across the world will start to implement easing monetary policy to stimulate economy growth as quarter to kick starts.
Technical chart chart reading adjusted to recommending an upside biased market development testing previous high resistance level near 1615.5 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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