Thursday, April 15, 2010

20100415 1445 FKLI Mid Day Hourly Chart Study.

FKLI last looked : 1338, changed : -4 points, volume : moderate.
Bollinger band reading : side way range bound.
MACD Histrogram : getting lower, seller in charge.
Support : 1337, 1330, 1325 level.
Resistant : 1345, 1350, 1360 level.
Comment :
FKLI managed to opened higher but the upward surge failed to sustain as seller are committed to stay put press price lower into the negative territory. Despite the seller aggresiveness, FKLI hourly chart still shows a side way range bound market reading testing support and resistant level.

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