A place for all traders and investors of Futures Markets.
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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