Friday, March 26, 2010

20100326 1740 FKLI EOD Daily Chart Study.

FKLI closed : 1321, changed : +3.5 points, volume : higher.
Bollinger band reading : side way range bound little upside biased.
MACD Histrogram : rise higher, buyer still defending.
Support : 1318, 1312, 1307, level.
Resistant : 1325, 1330, 1335 level.
Comment :
Closed near the high FKLI traded firmer with continue improving volume following major Asia market that closed in positive territory. Daily chart reading outlook starting to turn bullish biased with potential testing further upside resistant level.
When to buy : buy at support/weakness/break up 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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