20091007 1740 FKLI EOD Daily Chart Study.

FKLI ended 6 points higher today with a small white candle to closed at 1223.5. Price edged higher above Mid Bollinger Band = Bullish/upward market still intact. Bollinger Band width continue to expand suggest market will be trading bias to the upside. MACD histrogram continue to rise = still in control of the market. It would be ideal if MACD histrogram to rise above the positive area in order of the upward movement to sustain. Long position trade might need to pay attention when price reached the Upper Bollinger Band to lock in some profit. 

When to Buy : Buy at support or pull back but park small profit/ cut loss point.
When to Sell : Short at ressistant level with wider profit target but small cut loss point.