Monday, November 30, 2009

20091130 1802 FKLI November 09 Monthly Chart Study.



FKLI monthly chart wise showing no sign of the bear yet with price continue to trade higher above the middle and near the upper Bollinger band. Bollinger band width continue to narrowing may suggest that market could possibly near a significant top or major resistant level unless the band width started to turn outwards. MACD Historgram continue to record higher reading telling us that buyer participantion in ther market still increasing. Overall the uptrend remained intact with possible correction taking place.     

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