Monday, October 12, 2009

20091012 0908 FKLI Weekly Chart Study. Volume isn't really go in tandem with the price movement.



FKLI weekly chart still trading above mid Bollinger Middle Band = Bullish and uptrend intact. Bollinger band width stay nearly unchanged suggested that market still trading biased to the upside. However, MACD Histrogram getting a little lower compare to previous = Buyer might turned seller to lock in profit. Another thing to take notice is the volume isn't really go in tandem with the price movement of the FKLI. Overall market is still bullish but be alert of profit taking ! Trail stop loss higher as price move higher.

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