Tuesday, July 27, 2010

20100727 1826 FKLI EOD Daily Chart Study.

FKLI closed : 1355.5, changed : +0.5 point, volume : higher.
Bollinger band reading : range bound, upside biased.
MACD Histrogram : , buyer position remained intact.
Support : 1350, 1345, 1337 level.
Resistant : 1360, 1375, 1385 level.
Comment :
Increased volume half point higher FKLI traded range bound testing support and resistant level and closed right at the middle. Daily chart reading suggesting a side way range bound upside biased market in the near term.
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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