Wednesday, December 23, 2009

20091223 1809 FKLI EOD Daily Chart Study.


FKLI closed : 1263.5, changed : +6 points, volume : 3 weeks high .
Bollinger band reading : neutral, side way ranging market.
MACD Histrogram : improved better, buyer returned to the market.
Support : the lower upward triangle line,lower Bollinger band.
Resistant : the upper downward triangle line. upper Bollinger band.
Comment :
FKLI rebounded upward with ultra high volume transacted recovered back some of the losses from the past 3 days. It seems that market still trading within the triangle tighter range and hopefully that tomorrow we could see some break out action. Oh Santa! Hope that you come tomorrow with a big present to all of us. Ho ho ho !
When to buy : buy at support/weakness/break up with quick cut loss and profit target.
When to sell : sell at resistant/strength/break down with quick cut loss and profit target.

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