Thursday, December 24, 2009

20091224 1748 FKLI EOD Daily Chart Study.


FKLI closed : 1264, changed : -0.5 point, volume : High but lower than yesterday.
Bollinger band reading : neutral, side way ranging likely.
MACD Histrogram : continue to improve, buyer still in the market.
Support : the lower upward triangle line, 1255 level. 
Resistant : the upper downward triangle line, 1269.5 level.
Comment :
No break out happen today. Side way ranging likely to continue until a break out(up or down) occurs.
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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