Tuesday, March 9, 2010

20100309 1823 FKLI EOD Daily Chart Study.

FKLI closed : 1321, changed : -2.5 points, volume : high.
Bollinger band reading : bullish.
MACD Histrogram : going higher. buyer still in.
Support : 1315, 1307, 1300 level.
Resistant : 1325, 1335, 1345 level.
Comment :
Profit taking activities lead FKLI to retreat marginally lower with slightly lower volume changed hand today.
Reading remained bullish technically with possible correction in place. Expect market to trade side way ranging upward biased with some test at support 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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