20091023 1738 FKLI EOD Daily Chart Study.

FKLI closed 5 points away from today's high to closed at 1265.5 gained 10.5 points. Traders decided to locked in their profit right after after market hit the high at 4.30pm ahead of the weekend. Daily chart wise forming a long upper tail doji that still positioned at above mid Bollinger Band saying that the market is still favours the upside. Bollinger Band width has yet to stop the market from move higher by staying unchanged. However, MACD Histrogram managed to sniffed some selling activities by intraday and position traders that cashed out ahead of the weekend by moving slightly lower. Immediate support appears on 1253 level. 
When to buy : Buy at support or break up with larger cut loss and profit target.

When to sell : Sell for profit or only on break down with quick cut loss and profit target.