Wednesday, December 9, 2009

20091209 1533 FKLI Latest Hourly Chart Study.



At last lookedm FKLI traded down 7 points at 1254 with mild volume changed hand in tandem with Asia major stock market. Touched the lower Bollinger band with the band width narrow = market may found temporary support at this level and should the band width continue to narrow, market is likely to take rest with staying side way or else should the band width turn expanding, further down side is likely. MACD Histrogram registering a recovering reading by turning upward. Overall market sentiment remain weak shadow by the stronger US dollar effect.

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