Thursday, April 15, 2010

20100415 1725 FKLI EOD Daily Chart Study.

FKLI closed : 1341, changed : -1 points, volume : lower.
Bollinger band reading : side way range bound upside biased.
MACD Histrogram : getting lower, seller still in.
Support : 1337, 1330, 1325 level.
Resistant : 1345, 1350, 1360 level.
Comment :
11.5 points range FKLI ended the day a point lower in lesser volume transacted. Daily chart reading remained side way range bound with a little upside biased and seems reluctant to challenge the support level near the upward trend line.
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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