Monday, June 28, 2010

20100628 1735 FKLI EOD Daily Chart Study.

FKLI closed : 1330 changed : +7.5 points, volume : lower.
Bollinger band reading : side way upside biased.
MACD Histrogram : weakening, buyer still defending.
Support : 1325, 1318, 1310 level.
Resistant : 1330, 1337, 1345 level.
Comment :
Closed at the high lesser volume FKLI registered positive closed after having correction of few day and seems resume its upward movement again. Daily chart reading shows that market can potentially trading further upside biased in the near term. The only concern at the moment will be the lack of volume transacted recently.
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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