Monday, April 5, 2010

20100405 1825 FKLI EOD Daily Chart Study.

FKLI closed : 1346, changed : +3.5, volume : lower.
Bollinger band reading : bullish biased.
MACD Histrogram : rising, buyer stayed.
Support : 1345, 1337, 1330 level.
Resistant : 1350, 1360, 1390 level.
Comment :
Thin volume FKLI closed marginally higher within a tight 5.5 points range market.
Daily chart reading remained bullish biased but today's thin volume may raise some doubt on the upward movement sustainability or may be it could be due to the closed of China and Hong Kong market.
We will have to wait until tomorrow. But overall the trend is still up.
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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