Sunday, October 4, 2009

20091004 1000 FKLI Weekly Chart Still In Up Trend !


Weekly chart wise, FKLI still closed above Mid Bollinger Band = Uptrend still intact.
Volume traded higher compare to lask week with a black candle = Seller is in/profit taking.
Bollinger Band width almost unchanged = Uptrend still intact.
MACD Histrogram continue to fall but still remain positive = Seller is not aggresive.
Conclusion : downside will not be much unless price drop with high volume.
 

When to buy : Long must act quick to take profit or cut loss.
Already longed : Get ready to take profit or cut if price drop with high volume.
When to Sell : Short must act quick to take profit or cut loss.
Already Shorted : Take profit at support level or cut loss if price close above 1223.