Bollinger band reading : upside biased.
MACD Histrogram : rising, buyer returned.
Support : 1307, 1300, 1295level.
Resistant : 1312, 1318, 1325 level.
Comment :
High volume FKLI traded higher through out the whole morning after overnight US market recorded a higher closing despite the announced of the negative biased health care bill news. Seems like the US market participant do welcomed the Obama effort to spend more tax payer money and hope that this is not a 1 day wonder. Hourly chart do looks upside biased but the upward surge may have been little over extended and could lead market to have a pullback correction effect in the near term.
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