Wednesday, November 4, 2009

20091104 1725 FKLI EOD Daily Chart Study.



Hoooo! Tongkat Ali powered FKLI ended today with a huge wide range bar candle with encouraging volume to closed 23.5 points higher at 1261 near the high. Price charged through the mid Bollinger band defense line to and closed above it = very initial sign that the uptrend correction might have ended. Bollinger band width nearly unchanged = the side way market still in play. MACD Histrogram turned upwards = buyer's counter attack bares fruits today. Still early to tell if the market will continue the upward movement.
When to buy : buy at support or weakness with quick cut loss and profit target. 

When to sell : sell at resistant or strength with quick cut loss and profit target.

1 comment:

GenesisDream said...

sure, blog link added.
Let's earn $$$ together from market :)