Tuesday, May 18, 2010

20100518 1721 FKLI EOD Daily Chart Study.

FKLI closed : 1330.5, changed : -2.5 points, volume : lower.
Bollinger band reading : side way range bound little downside biased.
MACD Histrogram : continue lower, seller still in.
Support : 1330, 1325, 1318 level.
Resistant : 1337, 1345, 1350 level.
Comment :
FKLI ended the day marginally lower with lesser volume changed hand. Daily chart reading still suggesting side way range bound market with a little downside biased.
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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