Monday, March 29, 2010

20100329 1754 FKLI EOD Daily Chart Study.

FKLI closed : 1324.5, changed : +3.5 points, volume : ultra high.
Bollinger band reading : side way range bound little upside biased.
MACD Histrogram : rising slowly, buyer in charge.
Support : 1318, 1312, 1307, level.
Resistant : 1325, 1330, 1335 level.
Comment :
Ultra high volume FKLI traded firmer within a 7 points range market. Daily chart wise, the reading still suggesting a side way range bound little upside biased market mainly because of the Bollinger band width has yet to turn outward. Perhaps we would need to wait for another day.
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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