Friday, October 16, 2009

20091016 1800 FKLI Weekly Chart Study. Uptrend Still Intact !



FKLI weekly chart still looks strong with price trading above mid Bollinger Band. Bollinger Band width continue to widen suggesting that market still have room to move up further. MACD Histrogram continue to rise but at a slower pace shows that buyer are cautiously optimistic about the market. Volume traded continue to diminishing but overall the uptrend market still intact.

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