Friday, March 5, 2010

20100305 1456 FKLI Mid Day Hourly Chart Study.

FKLI last looked : 1296.5, changed : +11.5 points, volume : moderate.
Bollinger band reading : bullish but overbought.
MACD Histrogram : rising higher. buyer in charge.
Support : 1290, 1285, 1280 level.
Resistant : 1295, 1300, 1307 level.
Comment :
Bank Negara Interest rate hike policy seems didn't bothered by FKLI bullishness to go the distance by trading higher. Hourly chart also continue to stay bullish biased with possible correction to take place soon as price surging pace is a little too fast take might triggered buyer to lock in profit.

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