20091002 1258 FKLI Half Day Hourly Chart Study

FKLI trading sideway in the range of 4.5 point range after a 10 points gap down. 1200 physchology suport level was tested but price close above it. Hourly chart closed below Mid Bollinger Band with better volume traded = Bearish. Bollinger Band width widen suggest market will be trading bias to the downside. The last MACD histrogram stay nearly unchanged = Market taking rest.

When to buy : Cannot Long.
When to sell : Higher to Sell or sell at resistant with cut loss above Mid Bollinger Band.