Monday, November 22, 2010

20101122 1810 FKLI EOD Daily Chart.

FKLI closed : 1505.5, changed : +3.5 points,  volume : lower.
Bollinger band reading : side way range bound.
MACD Histrogram : turned upward, buyer seems taking some chances.
Support : 1500, 1485, 1470 level.
Resistant : 1530, 1550, 1580 level.
Comment :
Quiet volume transaction FKLI recorded small gain doing 2 points premium compare to cash market as regional market still traded mixed as China move to hike bank's reserve to control price inflation. Daily chart formed another doji bar candle rested right at the middle Bollinger band level with unchanged reading of side way range bound 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: