Friday, July 2, 2010

20100702 1812 FKLI EOD Daily Chart Study.

FKLI closed : 1305.5 changed : +2.5 points, volume :lower.
Bollinger band reading : side way range bound.
MACD Histrogram : getting lower, seller taking exposure.
Support : 1300, 1290, 1285 level.
Resistant : 1310, 1318, 1325 level.
Comment :
8 points range weaker volume market FKLI ended with minor recovery after traded range bound through out the day. Daily chart outlook remained side way range bound testing support and resistant level with a just nearly 2 points discount compare to cash market.
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.

No comments: