Thursday, June 10, 2010

20100610 1800 FKLI EOD Daily Chart Study.

FKLI closed : 1294.5, changed : +8.5 points, volume : higher.
Bollinger band reading : side way downside biased.
MACD Histrogram : continue higher, buyer counter attack.
Support : 1290, 1280, 1274 level.
Resistant : 1300, 1310, 1318 level
Comment :
Break and stay above resistant level FKLI closed higher with improved volume changed hand after prime minister tabled the 10th Malaysia Plan today. Daily chart shows that today up bar candle managed to closed above the middle Bollinger band level and the reading suggesting a side way range bound market testing support and resistant level.
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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