Bollinger band reading : correction range bound little upside biased.
MACD Histogram : falling lower, seller testing market.
Support : 1640, 1630, 1623, 1615 level.
Resistance : 1650, 1660, 1670, 1680 level.
Comment :
FKLI closed 1 point higher with better volume transacted doing nearly 8 points discount compare to cash market that closed recorded gain. Last Friday U.S. markets closed recorded gains and today Asia markets ended mostly recorded small gain while European markets currently trading little higher.
World markets edge up after an unexpected lower China manufacturing data leads to easing measure speculation and Friday Ben Benanke statement on he will introduce more stimulus measure to counter the stagnation in the labor market.
Daily chart analysis adjusted to suggesting a correction range bound 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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