Wednesday, April 28, 2010

20100428 1323 FKLI Mid Day Hourly Chart Study.

FKLI closed : 1331.50, changed : -7 points, volume : high.
Bollinger band reading : downside biased with temporart pullback correction.
MACD Histrogram : recovering, seller lock in partial profit.
Support : 1330, 1325, 1318 level.
Resistant : 1337, 1345, 1350 level.
Comment :
Euro zone economic casualty fear spilled over across the entires major world market including the Dow resulted Bursa Malaysia FKLI to opened and traded lower in heating up ultra high volume. Hourly chart wise, market are currently having pullback correction within a further downside biased market as market once dived too drastically down 17.5 points within the 2nd hour of trading.

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