Bollinger band reading : correction range bound little upside biased.
MACD Histogram : turned downward, buyer seller battling.
Support : 1630, 1623, 1615, 1600 level.
Resistance : 1640, 1650, 1660, 1670 level.
Comment :
FKLI closed recorded loss with slower volume changed hand doing about 1 point discount compare to cash market that closed recorded gain. Overnight U.S. markets continue to closed higher and today Asia markets ended mostly higher while European markets currently trading lower.
Asia markets traded mostly higher on speculation bets that Central Banks will provide further easing while Europe region's markets trader weaker on missed estimates corporate earning results.
Technical chart study still 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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