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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