Thursday, October 1, 2009

20090931 FKLI Daily Chart Break Down Support Level


FKLI daily chart managed to break down and closed below Bollinger Middle Band support level = Neutral to Bearish. Bollinger band width continue to narrow suggested that market will be side way for a while. MACD Histrogram getting lower compare to yesterday = Bearish. Immediate support at 1200 level
When to Buy : Long at support with cut loss below support.
When to Sell : Short on rebound with cut loss few points above middle band.

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