FKLI closed : 1638 changed : +4 points, volume : lower.
Bollinger band reading : correction range bound little upside biased.
MACD Histogram : recovering, buyer still in.
Support : 1630, 1623, 1615, 1600 level.
Resistance : 1640, 1650, 1660, 1670 level.
Comment :
FKLI closed recorded gain lesser volume changed hand doing about 5 point premium compare to cash market that edge up marginally. Overnight U.S. markets continue to retreat lower today Asia markets ended mostly lower while European markets currently trading mixed.
Disappointment over not stimulus measure announce by U.S. Federal Reserve send global market to trade lower while investors await policy announcement by the European Central Bank.
Daily technical chart analysis continue to suggesting a correction range bound little 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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