Wednesday, March 24, 2010

20100324 1723 FKLI EOD Daily Chart Study.

FKLI closed : 1313, changed : +1 point, volume : slightly lower.
Bollinger band reading : side way range bound little upside biased.
MACD Histrogram : recovering, buyer taking chances.
Support : 1312, 1307, 1300, 1295 level.
Resistant : 1318, 1325, 1330 level.
Comment :
Closed fraction a point higher FKLI trade side way ranging within a 7.5 point range. Daily chart reading continue to show a side way range bound little upside biased market development.
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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