Monday, December 24, 2007
12:21 am - FKLI broke higher to 1427.5
It is treading nicely along the Bollinger Band. Can you buy now ? You can buy on the basis of EOD chart. Today is 5 days line change. You are looking at 25-30 pts stop if you are trading daily chart.
However, on the daily chart, FKLI is currently trading at 61.8% (downtrend). If FKLI can break higher above 61.8%, FKLI can trend higher. The 61.8% is a resistance.
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