Friday, December 4, 2009

20091204 1845 FKLI EOD Daily Chart Study.



FKLI closed the day 0.5 point lower at 1267 with thin volume traded. Looking at the daily chart, Bollinger band still retaining its side way range bound with down side biased market reading together with MACD Histrogram also sending out the same signal thats stayed nearly flat today. Market would probably movement downward should Bollinger band width started to turn expanding with crucial support stands at the 1256~1255 level.
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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