Wednesday, March 10, 2010

20100310 1733 FKLI EOD Daily Chart Study.

FKLI closed : 1333, changed : +12 points, volume : higher.
Bollinger band reading : bullish.
MACD Histrogram : going higher. buyer still in.
Support : 1325, 1315, 1307 level.
Resistant : 1335, 1345, 1355 level.
Comment :
Malaysia Boleh 5 points premium FKLI ended the day right at the new high with better volume Transacted. Daily chart reading is definitely a bullish biased market with price closed above upper Bolliger band level indicate a over extended upward movement market.
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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