Sideway for how long ? Your guess is as good as mine.
Friday, October 14, 2005
FKLI open gap up +1.5 pts - Buy signal is on BUT ...
FKLi gap up after closing at 925. Mkt Gap up generally mean the FKLi wud closed lower. However, FKLI is heading sideway.
The Buy signal is in but the setup has set in. Difficult to tell how to trade trade #12.
Daily chart is showing sideway movement. If there is money to be made, it has to be intraday trade.
Watch out for FKLI to break and close above 929.5.
To short is difficult as there are support AND to Long is difficult as there are no volume.
Daily Pivot:
R1 = 925.75
P = 924.5
S1 = 921.75
Rgds,
-martin-
The Buy signal is in but the setup has set in. Difficult to tell how to trade trade #12.
Daily chart is showing sideway movement. If there is money to be made, it has to be intraday trade.
Watch out for FKLI to break and close above 929.5.
To short is difficult as there are support AND to Long is difficult as there are no volume.
Daily Pivot:
R1 = 925.75
P = 924.5
S1 = 921.75
Rgds,
-martin-
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