FKLI closed : 1648.5 changed : +3 points, volume : lower.
Bollinger band reading : upside biased with possible pullback correction.
MACD Histogram : rising, buyer in control.
Support : 1640, 1630, 1620, 1610 level.
Resistance : 1650, 1660, 1670, 1680 level.
Comment :
FKLI closed recorded small gain hitting record high again with dying volume transacted doing about 4 points premium compare to cash market that slipped marginally lower. Overnight U.S. markets traded firmer and today Asia markets ended positively while European markets currently trading firmer.
Good news from U.S. housing data, better than estimates corporate earnings from Europe region and continue further stimulus measure speculation play pushed global markets higher.
Technical daily chart analysis continued to recommending an upside biased market development with possible pullback correction.
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.
No comments:
Post a Comment