Bollinger band reading : upside biased.
MACD Histogram : rising, buyer in control.
Support : 1610, 1600, 1590, 1580 level.
Resistance : 1620, 1630, 1640, 1650 level.
Comment :
FKLI closed 1 point higher with decreased volume transacted touching new year high again doing 3.5 points premium compare to cash market that closed marginally higher. U.S. markets will resume trading tonight and today Asia markets closed mixed while European markets currently trading little higher.
Global markets traded indecisively ahead of European Central Bank interest rate decision.
Technical chart analysis still calling an 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.
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