Wednesday, April 21, 2010

20100421 1318 FKLI Mid Day Hourly Chart Study.

FKLI closed : 1340, changed : +3.5 points, volume : moderate.
Bollinger band reading : side way range bound little upside biased.
MACD Histrogram : getting weaker, buyer lock in profit.
Support : 1337, 1330, 1325 level.
Resistant : 1345, 1350, 1360 level.
Comment :
4.5 points range market FKLI traded higher in sustaining volume changed hand in tandem with most Asia market positive development. Hourly chart reading also voting for a further upside potential market likely in the near term testing previous high resistant level.

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