Thursday, December 10, 2009

20091210 1800 FKLI EOD Daily Chart Study.



FKLI ended 3 points lower to closed at 1254 with higher volume traded. Both Bollinger band and MACD reading agreed on a downside movement market. The immediate support level at the 1251.5 also been tested today.
When to buy : buy at support or weakness with quick cut loss and profit target.
When to sell : sell at resistant/strength/break down with larger cut loss and profit target.

 

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