Bollinger band reading : upside biased.
MACD Histogram : turned upward, buyer in advantage.
Support : 1650, 1640, 1630, 1623 level.
Resistance : 1660, 1670, 1680, 1690 level.
Comment :
FKLI closed at all time high recorded gain with thinner volume changed hand doing about 3 points premium compare to cash market closed closed marginally lower. Overnight U.S. markets closed mixed and today Asia markets ended mostly higher while European markets currently trading higher.
Speculation on world top 2 countries (U.S. and China) will implement additional easing or stimulus soon send world markets higher following China purchasing managers index data released showing decline.
Daily chart reading adjusted to suggesting an 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.
No comments:
Post a Comment