Tuesday, January 19, 2010

20100119 1248 FKLI Mid Day Hourly Chart Study.


FKLI closed : 1300.5, changed : -0.5 point, volume : high.
Bollinger band reading : sideway testing support.
MACD Histrogram : weakening.
Support : 1300, 1295 level.
Resistant : upper Bollinger band, 1309 level.
Comment : Trading within a 4 points range, FKLI seems unable to decide which direction to move towards to without any fresh news and a mixture trading on major Asia market. Hourly chart also giving a neutral view with further side way range bound market likely.

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