Thursday, January 14, 2010

20100114 1757 FKLI EOD Daily Chart Study.


FKLI closed : 1297.5, changed : +6 points, volume : higher.
Bollinger band reading : bullish.
MACD Histrogram : getting lower, buyer offloading slowly.
Support : 1290, 1286 level.
Resistant : 1300, 1309 level.
Comment : A patience challenge market for FKLI that refused to get out of the comfort ranging zone.Conflict reading between Bollinger band and MACD Histrogram suggest that market could still trading side way range bound. "God ! Just when will the break out come ?" One fine day....... One fine day..........
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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