Tuesday, September 14, 2010

20100914 1745 FKLI EOD Daily Chart Study.

FKLI closed : 1471.5, changed : +8 points, volume : lower.
Bollinger band reading : upside biased.
MACD Histrogram : continue rising, long live the buyer.
Support : 1470, 1458, 1445, 1425 level.
Resistant : 1500, 1530, 1550 level.
Comment :
Rocket fueled FKLI registered gain again hitting new higher in lesser volume traded and seems wanted to march toward the record high near 1530 level. Daily chart wise, price reached above and closed right at the upper Bollinger band level hinted a potential correction with the reading remained 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.

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