Bollinger band reading : little upside biased.
MACD Histogram : recovering, buyer in little advantage.
Support : 1650, 1640, 1630, 1623, 1615 level.
Resistance : 1660, 1670, 1680, 1690 level.
Comment :
FKLI closed 1 point higher with quiet volume transacted on par with cash market that closed little lower. Overnight U.S. markets closed mixed and today Asia markets ended mixed while European markets currently trading little lower.
Global markets reacted differently after China Premier signal possible additional stimulus measure, droped in China foreign investment and improved month to month U.S. factories data.
Daily technical chart studt remained suggesting a 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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