Wednesday, April 21, 2010

20100421 1741 FKLI EOD Daily Chart Study.

FKLI closed : 1334, changed : -2.5 points, volume : lower.
Bollinger band reading : side way range bound upside biased.
MACD Histrogram : lower, seller taking small exposure.
Support : 1330, 1325, 1318 level.
Resistant : 1337, 1345, 1350 level.
Comment :
FKLI forgo all the morning session gain and drop into the negative zone to end the day lower in lesser volume traded. Daily chart reading continue to stay side way range bound with still a little upside biased. On the other hand, market could possibly trading within the purple colour symmetrical triangle waiting for a break up or down.
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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