Bollinger band reading : little upside biased.
MACD Histogram : recovering, buyer in little advantage.
Support : 1640, 1630, 1623, 1615 level.
Resistance : 1650, 1660, 1670, 1680, 1690 level.
Comment :
FKLI closed recorded little lower with holidy mood volume exchanged doing about 4 points discount compare to cash market that closed margianlly higher. Overnight U.S. markets closed mixed and today Asia markets ended mostly lower while European markets also having negative development.
Restored global economy growth slow down concern, no stimulus measure implementation news, drops in some corporate earnings sent most markets traded lowe despite overnight better than consensus U.S. retail sales while investors awaits U.S. factories data.
FKLI technical chart reading continue 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.
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