Wednesday, March 17, 2010

20100317 1720 FKLI EOD Daily Chart Study.

FKLI closed : 1307, changed : +1.5 point, volume : lower.
Bollinger band reading : side way correction.
MACD Histrogram : weaker , buyer reduce exposure.
Support : 1300, 1295, 1290 level.
Resistant : 1307, 1315, 1325 level.
Comment :
Correction 8.5 points range FKLI climb slightly higher with lesser volume participation despite major regional market reacted positively to US unchanged interest rate policy announcement. Technical reading still showing a side way range bound market testing higher resistant 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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