Thursday, February 25, 2010

20100225 1808 FKLI Weekly Chart Study.

FKLI closed : 1276, changed : +24 points, volume : higher.
Bollinger band reading : side way.
MACD Histrogram : reversed upward, buyer come back to give it a fight.
Support : 1274, middle Bollinger band, 1250 level.
Resistant : 1285, 1300, 1307 level.
Comment :
FKLI opened and traded mostly at higher level through out the week with 2 resistant levels penetraded ended the week with a doji bar candle. Chart wise, the outlook remained side way range bound with some test at the support and resistant level.

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