20091005 1755 FKLI EOD Daily Chart : Dead cat bounced !

FKLI closed 12 points higher on low volume today due to last minute spike on FBM KLCI cash market(up 10 point due to KLK shoot up RM3.26) to closed at 1216. Managed to closed above Mid Bollinger Band = Anticipated technical rebound came true. Bollinger Band width continue to narrowed suggest market will be trading sideway range bound. MACD histrogram has risen instead of falling = seller closing positions/buyer coming in. Volmune traded are lower by 768 contracts compare to last Friday.

When to Buy : Buy at support with quick profit/cut loss.
When to Sell : Cannot short unless market close below Mid Bolling Band.