Wednesday, October 6, 2010

20101006 1750 FKLI EOD Daily Chart Study.

FKLI last looked : 1484, changed : +9 points, volume : higher.
Bollinger band reading : side way range bound little upside biased.
MACD Histrogram : recovering, buyer in control.
Support : 1470, 1458, 1445 level.
Resistant : 1485, 1500, 1530 level.
Comment :
Positive regional market development leaded FKLI to traded higher and hit new high recorded gain in better but still relatively low volume participation. Daily chart formed a doji bar candle and seems putting effort to reach the upper Bollinger band level with the reading remained side way range bound little 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.

No comments: