20100821 2053 FCPO Weekly Chart Study.

Weekly Close: 2544, High: 2730, Low: 2533, Range: 197 points
FCPO closed : 2544, changed : -174 points, volume : higher.
Bollinger band reading : range bound little upside biased.
MACD Histrogram : reversed downward, buyer taking profit and reducing position.
Support : 2540, 2500, 2450 level.
Resistant : 2600, 2650, 2700 level.
Comment :
FCPO recorded huge dropped in higher volume transaction as market corrected strongly in tandem with falling soy oil futures price. Weekly chart formed and huge wide range down bar candle correction downward from above upper Bollinger band level with the reading suggesting a correction range bound little upside biased market development with possible testing lower support level near middle Bollinger band level.

20100821 2052 FCPO EOD Daily Chart Study.(20 Aug 2010)

FCPO closed : 2544, changed : -51 points, volume : lower.
Bollinger band reading : correction range bound little upside biased.
MACD Histrogram : getting lower, seller taking exposure
Support : 2520, 2500, 2470 level.
Resistant : 2550, 2570, 2600 level.
Comment :
Recorded 5th day dropped FCPO ended lower in lesser volume traded following a continue weaker soy oil futures prices plus 2 cargo surveyors still recorded decline in export data. Daily chart formed and doji bar candle as market opened and tested lower and managed to closed below 2 levels of support below middle Bollinger band. Reading wise market still call for a range bound correction little upside biased market and the correction could possible test lower support near lower Bollinger band level.
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.

20100821 2000 FKLI Weekly Chart Study.

Weekly Close: 1390, High: 1395.5, Low: 1355, Range: 40.5 points.
FKLI closed : 1390 changed : +28.5 points, volume : higher.
Bollinger band reading : correction range bound upside biased.
MACD Histrogram : rising, buyer in charge.
Support : 1385, 1375, 1360 level.
Resistant : 1395, 1425, 1445 level.
Comment :
Improving volume transaction FKLI rallied again to hit another new 2 years high in tandem with the country's improving economic condition. Weekly chart shows price opened nearly unchanged and rushed upwards to closed little above upper Bollinger band level with the outlook still having an upside biased reading development with possible pullback correction effect.

20100821 1958 FKLI EOD Daily Chart Study.(20 Aug 2010)

FKLI closed : 1390, changed : +1 point, volume : lower.
Bollinger band reading : upside biased.
MACD Histrogram : getting higher, buyer still ruled.
Support : 1385, 1375, 1360 level.
Resistant : 1395, 1405, 1425 level.
Comment :
FKLI closed marginally higher in lesser volume transaction changed hand after market traded support and resistant level. Daily chart wise, price still hovering around upper Bollinger band with the band width still expanding. Reading remained unchanged still calling for a upside 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.