Tuesday, April 27, 2010

20100427 1249 FKLI Mid Day Hourly Chart Study.

FKLI closed : 1340, changed : -3 points, volume : higher.
Bollinger band reading : side way range bound.
MACD Histrogram : recovering, seller still in.
Support : 1337, 1330, 1325 level.
Resistant : 1345, 1350, 1360 level.
Comment :
High volume tight range FKLI closed for halftime at lower ground after seller tested support level but didn't bare any result. Side way range bound market is still in play as shown on the hourly chart reading with testing attempt at support and resistant level.

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