A place for all traders and investors of Futures Markets.
Monday, November 23, 2009
20091123 1743 FKLI EOD Daily Chart Study.
4.5 points range trading for today's FKLI doji bar candle that closed 2 points higher at 1273 with thin volume traded. Price still stay above middle Bollinger band with band width contracted = market uptrend correction side way market is likely to continue. MACD Histrogram taken a little step lower = buyer are not interested to participate in the market. Side way range bound market ahead with immedia support stands at the middle Bollinger band.
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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