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Monday, December 28, 2009
20091228 1732 FKLI EOD Daily Chart Study.
FKLI closed : 1273.5, changed : +9.5 points, volume : Higher.
Bollinger band reading : Just turned bullish.
MACD Histrogram : break above zero line, buyer rule.
Support : middle Bollinger band.
Resistant : 1276, 1283 level.
Comment :
Finally break up from the triangle with supporting volume. Further upside likely.
When to buy : buy at support/weakness/break up with larger cut loss and profit target.
When to sell : sell at resistant or strength with quick cut loss and profit target.
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