20120827 1755 FKLI EOD Daily Chart Study.

FKLI closed : 1649.5 changed : +1 points, volume : higher.
Bollinger band reading : pullback correction upside biased.
MACD Histogram : falling lower, buyer seller battling.
Support : 1650, 1640, 1630, 1623 level.
Resistance : 1660, 1670, 1680, 1690 level.
Comment :
FKLI closed 1 point higher with heavy volume transacted doing 1 point premium compare to cash market closed marginally lower. Last Friday U.S. markets closed higher and today Asia markets ended mostly recorded small loss while European markets currently trading little lower.
Lower Chinese industrial companies profit sent global markets traded lower amid slower global economy growth while investors losing patience on yet to be announce easing measure from China and U.S. policy maker.
FKLI daily chart study continue to calling a pullback correction upside biased market development with rollover activitied started to take place.
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.