Tuesday, December 29, 2009

20091229 1345 FKLI Mid Day Hourly Chart Study.



FKLI closed : 1276, changed : +2 points, volume : low.
Bollinger band reading : still bullish.
MACD Histrogram : getting weaker, buyer locking in profit.
Support : 1271, middle Bollinger band level.
Resistant : 1280, 1286 level.
Comment :
Expecting market to trade side way range bound with profit taking activities to continue in the second half session.

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