Friday, October 8, 2010

20101008 1731 FKLI EOD Daily Chart Study.

FKLI last looked : 1479.5, changed : -2 points, volume : lower.
Bollinger band reading : side way range bound little upside biased.
MACD Histrogram : resume lower, seller taking small exposure.
Support : 1470, 1458, 1445 level.
Resistant : 1485, 1500, 1530 level.
Comment :
Marginally lower FKLI traded side way range bound in quiet volume transaction changed hand following a mix regional market development. Daily chart formed the 3rd continuous doji bar candle with the Bolligner band turning outward with the same old same old side way range bound little upside biased 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.

No comments: