Monday, December 20, 2010

20101220 1807 FKLI EOD Daily Chart Study.

FKLI closed : 1492, changed : -7.5 points,  volume : lower.
Bollinger band reading : side way range bound.
MACD Histrogram : falling, selling taking small exposure.
Support : 1485, 1470, 1458 level.
Resistance : 1500, 1530, 1550 level.
Comment :
FKLI closed recorded loss with lower volume traded following most Asia market that close lower doing 3.5 discount compare to cash market. Daily chart formed the 3rd doji bar candle after market traded range bound tested near support and then resistance level and close lower with an 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.

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