Wednesday, September 8, 2010

20100908 1810 FKLI EOD Daily Chart Study.

FKLI closed : 1437, changed : +3.5 points, volume : lower.
Bollinger band reading : correction upside biased.
MACD Histrogram : weakening, buyer still profit.
Support : 1425, 1405, 1395 level.
Resistant : 1445, 1458, 1470 level.
Comment :
Last hour buying lifted FKLI record gain after traded range bound for the whole day in holiday mood volume participation. Daily chart wise, market still having a 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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