Monday, July 26, 2010

20100726 1748 FKLI EOD Daily Chart Study.

FKLI closed : 1355, changed : +1 point, volume : higher.
Bollinger band reading : upside biased.
MACD Histrogram : , buyer position remained intact.
Support : 1350, 1345, 1337 level.
Resistant : 1360, 1375, 1385 level.
Comment :
Marginal gain FKLI traded within a 8.5 point range market in better volume transaction after regional market having mixed development and also switching month rollover activities. Daily chart wise, market opened and tested higher but softening downward with the outlook still suggesting a upside biased market development.
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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