Tuesday, October 6, 2009

20091006 1255 FKLI Hourly Chart Study. Few Topping Tails.


FKLI still standing strong on the upperside with price closed above Mid Bollinger Band = Bullish/uptrend still intact. Bollinger Band width continue to widen suggest that there are still room for market to go up further. MACD histrogram looks toppish with the last one showing sign of weakening = Market might need some rest after a climb. With 2 topping tails on the chart, market may need some rest.

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