20100601 1813 FCPO EOD Daily Chart Study.

FCPO closed : 2460, changed : +24 points, volume : higher.

Bollinger band reading : side way range bound downside biased.
MACD Histrogram : reversed higher, seller biting the bullet.
Support : 2450, 2400, 2370 level.
Resistant : 2470, 2500, 2521 level.
Comment :
Weaker ringgit driven FCPO to trade higher closed right at the high of the day with better volume changed hand. Daily chart reading switch into a side way range bound little downside biased market development.
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.

20100601 1732 FKLI EOD Daily Chart Study.

FKLI closed : 1272.5, changed : -15.5 points, volume : higher.

Bollinger band reading : correction side way downside biased.
MACD Histrogram : recovering, seller remained caution.
Support : 1270, 1265, 1260 level.
Resistant : 1274, 1280, 1290 level.
Comment :
FKLI seems resume its downward movement by ended the day lower with better volume changed hand today. Daily chart downside biased reading remained intact testing previous support level.
When to buy : buy at support or weakness with quick cut loss and profit target.
When to sell : sell at resistant/strength/breakdown with larger cut loss and profit target.

20100601 1556 FKLI Hourly Chart Study.

FKLI last looked : 1270.5, changed : -17.5 points, volume : moderate.

Bollinger band reading : side way range bound.
MACD Histrogram : getting lower, seller
Support : 1270, 1265, 1260 level.
Resistant : 1274, 1280, 1290 level.
Comment :
Negative regional market development lead FKLI to trade lower in moderate volume changed hand.
Hourly chart reading suggesting a side way range bound little downside biased.

20100601 1311 FCPO Mid Day Hourly Chart Study.

FCPO closed : 2446, changed : +10 points, volume : low.

Bollinger band reading : side way downside biased.
MACD Histrogram : recovering, seller reduce exposure.
Support : 2400, 2370, 2340 level.
Resistant : 2450, 2470, 2500 level.
Comment :
FCPO traded slightly higher in quiet volume after tested but unable to maintain itself above resistant level. Hourly chart reading suggesting a side way range bound downside biased market.