Tuesday, September 7, 2010

20100907 1813 FKLI EOD Daily Chart Study.

FKLI closed : 1433.5, changed : -4 points, volume : lower.
Bollinger band reading : correction upside biased.
MACD Histrogram : weakening, buyer taking profit.
Support : 1425, 1405, 1395 level.
Resistant : 1445, 1458, 1470 level.
Comment :
5.5 points tight range market FKLI eased lower in lesser volume participation after regional markets having mixed development. Daily chart formed the second small body doji bar candle having correction range bound upside biased market reading.
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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