20091112 1756 FKLI EOD Daily Chart Study.

FKLI traded 7 points weaker today to closed at 1268.5 after tested the low of 1262 in unison with major Asia market that ended lower. Today doji bar candle remained above the middle Bollinger band inside the unchanged Bollinger band width = uptrend market consolidation is taking place. MACD Histrogram also stay flat = market activities are evenly distributed among buyer and seller. The consolidation could test the immediate support at 1262 and the next support at 1253 level. Another unconfirmed signal to take note would be a possible MACD negative divergent in the forming should MACD cross down with price going lower. 
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.