Friday, June 18, 2010

20100618 1759 FKLI EOD Daily Chart Study.

FKLI closed : 1318.5 changed : +5.5 points, volume : higher.
Bollinger band reading : upside biased.
MACD Histrogram : rising higher, buyer in charge.
Support : 1318, 1310, 1300 level.
Resistant : 1325, 1330, 1337 level
Comment :
Buyer seems taking advantage of the quiet thin trading market pushed FKLI price to higher level closing at near day and weekly high above resistant level. Daily chart outlook improved to a upside biased potential reading testing higher resistant level but the only problem behind the scene will the lack of volume traded.
When to buy : buy at support/weakness/break up 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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