Bollinger band reading : correction range bound little upside biased.
MACD Histogram : recovering, buyer seller battling.
Support : 1640, 1630, 1623, 1615 level.
Resistance : 1650, 1660, 1670, 1680 level.
Comment :
FKLI closed recorded small gain with dying down volume distributed doing 3.5 points discount compare to cash market that closed little higher. Overnight U.S. markets closed mixed and today Asia markets also having mixed development while European markets currently trading lower.
Global markets reacted differently after China trade data reported exports and new bank loans grew less than estimated raising concern of deepining slowdown and hope for more stimulus measure at the same time while some major corporates reported falling earnings.
FKLI daily chart reading remained unchanged calling 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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