Thursday, September 30, 2010

20100930 1848 FKLI EOD Daily Chart Study.

FKLI closed : 1464.5, changed : +5.5 points, volume : low.
Bollinger band reading : side way range bound little upside biased.
MACD Histrogram : reversed upward, buyer seems eager to stay.
Support : 1458, 1445, 1425 level.
Resistant : 1470, 1485, 1500 level.
Comment :
FKLI expired recorded gain in low volume participation rebounding from the middle Bollinger band level. Daily chart formed a small body up bar candle traded side way range bound along middle Bollinger band level with the reading suggesting a side way range bound little upside biased market development.
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: