Monday, April 26, 2010

20100426 1721 FKLI EOD Daily Chart Study.

FKLI closed : 1343, changed : +3 points, volume : higher.
Bollinger band reading : side way range bound little upside biased.
MACD Histrogram : recovering, seller reduce exposure.
Support : 1337, 1330, 1325 level.
Resistant : 1345, 1350, 1360 level.
Comment :
Improved volume FKLI closed higher after traded mostly range bound the entire day. Daily chart seems having a yet to be confirm symmtrical triangle break up as today doji bar candle closed little above the plotted purple colour triangle. Nevertheless technical reading suggesting a side way range bound little upside biased market.
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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