Tuesday, October 5, 2010

20101005 1827 FKLI EOD Daily Chart Study.

FKLI last looked : 1475.5, changed : +11 points, volume : lower.
Bollinger band reading : side way range bound little upside biased.
MACD Histrogram : recovering, buyer holding on.
Support : 1470, 1458, 1445 level.
Resistant : 1485, 1500, 1530 level.
Comment :
FKLI climbed higher recorded gain in thin volume trading still after opened gap up and tested higher despite a negative overnight US market. Daily chart wise market seems support well by the middle Bollinger band level  with an intact uptrend side way range little 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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