Monday, September 13, 2010

20100913 1826 FKLI EOD Daily Chart Study.

FKLI closed : 1463.5, changed : +25.5 points, volume : higher.
Bollinger band reading : upside biased.
MACD Histrogram : turned rising again, buyer defended well.
Support : 1458, 1445, 1425 level.
Resistant : 1470, 1500, 1530 level.
Comment :
FKLI rallied up recorded huge gained today in improved volume transaction as regional market also having positive development spurted buyer to stayed in the market for a longer time frame. Daily chart formed a wide range up bar candle touching and closed near the upper Bollinger band level. Outlook wise, market resume a upside biased reading after nearly a week of correction range bound market.
When to buy : buy at support/weakness/break up with larger cut loss and profit target.
When to sell : sell at resistant or strength with quick cut loss and profit target.

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