20100511 1723 FKLI EOD Daily Chart Study.

FKLI closed : 1332.5, changed : -5.5 points, volume : higher.
Bollinger band reading : side way range bound.
MACD Histrogram : receovering, clash of bull and bear.
Support : 1330, 1325, 1318 level.
Resistant : 1337, 1345, 1350 level.
Comment :
Higher volume FKLI closed lower despite a stronger FBM KLCI Index closing resulting a 7.5 point discount compare to cash market. Daily chart still suggesting a side way range bound market with a lot of testing effort to identify the underlying strenght of the 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.