Bollinger band reading : pullback correction upside biased.
MACD Histogram : weakening, buyer taking profit.
Support : 1630, 1620, 1610, 1600 level.
Resistance : 1640, 1650, 1660, 1670 level.
Comment :
FKLI closed recorded gain with quiet down volume changed hand doing 3.5 points discount compare to cash market that closed higher. Last Friday U.S. markets rallied higher and today Asia markets ended mostly higher while European markets currently trading little lower.
Asia markets traded mostly firmer after Premier Wen said China will increase measures to support economy growth as economy recovery remained slow.
Back home, FKLI technical chart analysis remained suggesting 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.
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