Monday, July 12, 2010

20100712 1803 FKLI EOD Daily Chart Study.

FKLI closed : 1328.5 changed : unchanged, volume : lower.
Bollinger band reading : side way range bound little upside biased.
MACD Histrogram : continue higher, buyer testing market strength.
Support : 1325, 1318, 1310 level.
Resistant : 1330, 1337, 1345 level.
Comment :
Half volume FKLI closed unchanged ahead of US earning season. Daily chart shows market tested resistant level but failed to sustained closing unchanged with the reading suggesting a side way range bound little upside biased.
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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