Monday, May 3, 2010

20100503 1728 FKLI EOD Daily Chart Study.

FKLI closed : 1343.5, changed : -0.5 point, volume : lower.
Bollinger band reading : side way range bound.
MACD Histrogram : turned higher, buyer seller still battling.
Support : 1337, 1330, 1325 level.
Resistant : 1345, 1350, 1360 level.
Comment :
FKLI started the month passively by closing half point lower in tight range lesser volume market. Daily chart is having a side way range bound little upside biased market reading for the near term.
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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