Friday, April 30, 2010

20100430 1730 FKLI EOD Daily Chart Study.

FKLI closed : 1343.5, changed : +10 points, volume : lower.
Bollinger band reading : side way range bound.
MACD Histrogram : turned higher, buyer fought back.
Support : 1345, 1337, 1330 level.
Resistant : 1350, 1360, 1375 level.
Comment :
FKLI closed firmer with today candle ended slightly above the plotted purple colour triangle having a potential triangle break up. However, despite the positive closing, FKLI daily chart reading suggesting a near term side way range bound market within a longer term uptrend market.
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.

No comments: