Thursday, March 25, 2010

20100325 1417 FKLI Mid Day Hourly Chart Study.

FKLI closed : 1316, changed : +3 points, volume : high.
Bollinger band reading : side way range bound little upside biased.
MACD Histrogram : hovering a zero line level, buyer seller still in battle.
Support : 1312, 1307, 1300, 1295 level.
Resistant : 1318, 1325, 1330 level.
Comment :
FKLI traded firmed in sustaining volume despite negative development in major Asia and overnight Down Jones market. Hourly chart suggesting market to go side way range bound testing support and resistant to identify the underlying market strength.

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