Tuesday, December 1, 2009

20091201 1746 FKLI EOD Daily Chart Study.



Last hour buying pushed the FKLI back up 1 point to closed at 1268.5. Today's wide range bar candle still closed a little below the middle Bollinger band with the band width turning even narrower = the side way range bound market to continue. MACD Histrogram stayed nearly unchanged = buyer and seller end today's game at a draw. Side way market to persists base on chart reading. Having said that, major Asia market closed firmer with current major European market opened and trading  higher could possibly give some confident to the market to resume he upward movement tomorrow. 
When to buy : buy at support or weakness with quick cut loss and profit target.
When to sell
: sell at resistant or strength with quick cut loss and profit target.
 

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