Thursday, January 3, 2013

20130103 1718 FKLI EOD Daily Chart Study.

FKLI closed : 1697.5 changed : +13.5 points, volume : higher.
Bollinger band reading : upside biased.
MACD Histogram : turned upward, buyer still in control.
Support :  1690, 1680, 1670, 1660 level.
Resistance : 1700, 1710, 1720, 1730 level.
Comment :
FKLI closed rallied higher with improved volume changed hand doing about 5 points premium compare to cash market that also advanced higher. Overnight U.S. markets surged higher while European markets continue to trade firmer while European markets recording small decline.
Daily chart study revised to suggesting an 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.

No comments: