Monday, December 17, 2012

20121217 1729 FKLI EOD Daily Chart Study.

FKLI closed : 1646.5 changed : -4.5 points, volume : lower.
Bollinger band reading : pullback correction upside biased.
MACD Histogram : weaknening, buyer taking profit.
Support :  1645, 1640, 1635, 1627 level.
Resistance : 1650, 1660, 1670, 1680 level.
Comment :
FKLI closed recorded loss with quiet volume traded doing 2 points discount compare to cash market that closed little lower. Last Friday U.S markets closed recorded small loss and today Asia markets ended mixed while European markets currently trading lower.
Global market traded mixed on unsettle U.S. budget discussion and Japan opposition party won landslide victory on its election.
Daily chart reading continue to suggesting a pullback correction upside biased market development.
When to buy : buy at support or weakness with quick cut loss and profit target.
When to sell : sell at resistance or strength with quick cut loss and profit target.

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