Friday, March 26, 2010

20100326 1250 FKLI Mid Day Hourly Chart Study.

FKLI closed : 1315, changed : -2.5 points, volume : high.
Bollinger band reading : side way range bound.
MACD Histrogram : not much changes, battle still on between buyer and seller.
Support : 1312, 1307, 1300, 1295 level.
Resistant : 1318, 1325, 1330 level.
Comment :
FKLI opened and traded side way range bound with better volume changed hand. Hourly chart continue to show a side way range bound market trading within the immediate support and resistant level of 1312 and 1318
until price break away from this range to identify the market new direction.

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