Friday, November 13, 2009

20091113 1309 FKLI Mid Day Hourly Chart Study.



FKLI ended the morning session 2.5 points higher to closed at 1271 after gap down during the opening and edge up higher after that. At the first half closed, the doji bar candle still hovering up and down at the middle Bollinger band with the band width stay unchanged = market are like to trade side way range bound. MACD Histrogram risen to the zero line level = buyer activities picked up slowly with some short covering. The immediate support level fall on the plotted upward support line and next support level at 1262.

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