Thursday, November 5, 2009

20091105 1807 FKLI EOD Daily Chart Study.



After taken Tongkat Ali yesterday, FKLI seems lack of stamina to sustain the upward movement by taking a rest ended today down 6 point to closed at 1255 with lower volume transacted.  Today's doji bar candle also tested below the mid Bollinger but managed to closed above it = market are consolidating after yesterday long stretch. Bollinger band width contracted mildly = market may trade side way range bound. MACD Histrogram taking a slightly higher step = buyer outnumber seller by a small percentage. Okay lah give him some rest lah, yesterday up 23.5 point you know. :)
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.

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