Friday, April 23, 2010

20100423 1315 FKLI Mid Day Hourly Chart Study.

FKLI closed : 1337, changed : -5 points, volume : low.
Bollinger band reading : side way range bound.
MACD Histrogram : getting weaker, seller testing the market.
Support : 1337, 1330, 1325 level.
Resistant : 1345, 1350, 1360 level.
Comment :
Lower FKLI traded in narrow 4.5 point range quiet volume market. Hourly chart still call for a side way range bound market testing support level.

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