Friday, October 2, 2009

20091002 1745 FKLI closed @ 1204 with Low Volume


FKLI ended 5 points lower today with a 10 points gap down and recovered some losses to closed at 1204. Price closed below Mid Bollinger Band = Bearish. Bollinger Band width continue to narrowed and low volume transacted suggest that market will be trading sideway range bound. MACD histrogram continue to fall = bear are selling. In order for the market to come down, we shoule see a drop in price, higher volume and Bollinger Band width started to widen. 

When to Buy : Buy at support near or below Lower Bolingger Band with small cut loss/profit target. 


When to Sell : Higher to short at resistant level with small cut loss/profit target.

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