Bollinger band reading : little upside biased.
MACD Histogram : recovering, buyer in little advantage.
Support : 1650, 1640, 1630, 1623 level.
Resistance : 1660, 1670, 1680, 1690 level.
Comment :
FKLI closed recorded gain for the 4th day with quiet volume traded doing about 1.5 point discount compare to cash market that closed higher. Overnight U.S. markets closed little lower and today Asia markets ended on higher ground while European markets currently having positive development.
Asia and Europe markets traded higher after Germany reported slower than forecast GDP growth, hope on Bank of Japan stimulus measure while investors awaits tonight U.S. retail report.
Daily chart study adjuested to suggesting a little upside biased market development with MACD started to having positive crossed up.
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