Thursday, January 7, 2010

20100107 1728 FKLI EOD Daily Chart Study.



FKLI closed : 1293, changed : -3.5 points, volume : Lower.
Bollinger band reading : bullish with correction taking place.
MACD Histrogram : almost unchange, buyer off loading partially.
Support : 1290, 1286, 1280 level.
Resistant : 1300, 1309 level.
Comment :
A doji follow by a black candle bar, looks like market correction will still take place tomorrow. Expecting a side way range bound with downside biased correction market.
When to buy : buy at support or weakness 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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