Tuesday, August 24, 2010

20100824 1810 FKLI EOD Daily Chart.

FKLI closed : 1399, changed : -2 points, volume : lower.
Bollinger band reading : upside biased.
MACD Histrogram : getting higher, buyer defending.
Support : 1395, 1385, 1375 level.
Resistant : 1405, 1425, 1445 level.
Comment :
Finally a decline day for FKLI after 8 straight days of climb with lesser volume traded taking some rest. Daily chart form a classical doji market candle hint for a potential correction to take place with the reading remain 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.

No comments: