A place for all traders and investors of Futures Markets.
Thursday, October 1, 2009
20090931 FKLI Daily Chart Break Down Support Level
FKLI daily chart managed to break down and closed below Bollinger Middle Band support level = Neutral to Bearish. Bollinger band width continue to narrow suggested that market will be side way for a while. MACD Histrogram getting lower compare to yesterday = Bearish. Immediate support at 1200 level
When to Buy : Long at support with cut loss below support.
When to Sell : Short on rebound with cut loss few points above middle band.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment