Thursday, February 18, 2010

20100218 1313 FKLI Mid Day Hourly Chart Study.

FKLI closed : 1254.5, changed : -3.5 points, volume : lower.
Bollinger band reading : neutral.
MACD Histrogram : getting lower, buyer closing position.
Support : 1250, lower Bollinger band, 1232.
Resistant : 1260, upper Bollinger band, 1267 level.
Comment :
FKLI traded weaker within a 5 points range market in the morning session. Hourly chart seems like turning from a bullish to a neutral reading as price hovering around the middle Bollinger band. Expect market to trade side way range bound with a little upside biased as the immediate trend still up.

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