Monday, March 8, 2010

20100308 1305 FKLI Mid Day Hourly Chart Study.

FKLI closed : 1322, changed : +19 points, volume : high.
Bollinger band reading : bullish.
MACD Histrogram : rising. buyer guarding well.
Support : 1315, 1307, 1300 level.
Resistant : 1325, 1335, 1345 level.
Comment :
Steroid taken FKLI traded today positively with better volume. Needless to elaborate further, whatever technical indicator will be having a bullish further upside potential signal. Having said that, price has been traded near and above the upper Bollinger band for some times since last Friday raise alert for a potential market correction to take place soon.

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