Friday, April 2, 2010

20100402 1734 FKLI EOD Daily Chart Study.


FKLI closed : 1342.5, changed : +4.5, volume : lower.
Bollinger band reading : bullish biased.
MACD Histrogram : rising, buyer stayed.
Support : 1337, 1330, 1325 level.
Resistant : 1345, 1350, 1360 level.
Comment :
FKLI managed to climb another peak with lesser volume on Good Friday where major World major took a day off. Bullish biased reading continue on the daily chart with possible pullback correction in the near term.
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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