Thursday, February 11, 2010

20100211 1634 FKLI After Mid Day Hourly Chart Study.

FKLI last looked : 1246, changed : +5 points, volume : low.
Bollinger band reading : bullish but side way.
MACD Histrogram : getting lower, no much action from both buyer and seller.
Support : 1238, 1232, 1228 level.
Resistant : 1250, 1260, 1267 level.
Comment :
Upward correction continue today as price traded higher in low volume. Hourly chart seems getting positive with price continue to trade above the middle Bollinger band. But marker seems likely to trade side way range bound with a little upside biased as the Bollinger band turning inwards.

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