Saturday, January 23, 2010

20100123 0029 FKLI Weekly Chart Study.


FKLI closed : 1295.5, changed : -6.5 points, volume : slightly lower.
Bollinger band reading : bullish but side way likely.
MACD Histrogram : nearly unchanged, rematch for buyer and seller next week.
Support : 1286, middle Bollinger band level.
Resistant : 1309, 1315 level.
Comment :
Weekly chart for FKLI still suggesting a uptrend side way range bound market for the comming week. Factor or catalyst to watch will be interest rate and news from China economy related policy.

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