Wednesday, March 31, 2010

20100331 1429 FKLI Mid Day Hourly Chart Study.

FKLI(Apr2010) closed : 1322, changed : +2 points, volume : low.
Bollinger band reading : side way range bound little downside biased.
MACD Histrogram : recovering,  seller reducing position.
Support : 1318, 1312, 1307, level.
Resistant : 1325, 1330, 1335 level.
Comment :
FKLI traded mostly higher in the morning session with thin volume changed hand. Hourly chart wise, market seem facing some resistant near the middle Bollinger band level when price tried to crossover it. Overall. market is likely to trade side way range bound little downside biased.

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