Tuesday, June 1, 2010

20100601 1732 FKLI EOD Daily Chart Study.

FKLI closed : 1272.5, changed : -15.5 points, volume : higher.

Bollinger band reading : correction side way downside biased.
MACD Histrogram : recovering, seller remained caution.
Support : 1270, 1265, 1260 level.
Resistant : 1274, 1280, 1290 level.
Comment :
FKLI seems resume its downward movement by ended the day lower with better volume changed hand today. Daily chart downside biased reading remained intact testing previous support level.
When to buy : buy at support or weakness with quick cut loss and profit target.
When to sell : sell at resistant/strength/breakdown with larger cut loss and profit target.

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