Tuesday, June 1, 2010

20100601 1556 FKLI Hourly Chart Study.

FKLI last looked : 1270.5, changed : -17.5 points, volume : moderate.

Bollinger band reading : side way range bound.
MACD Histrogram : getting lower, seller
Support : 1270, 1265, 1260 level.
Resistant : 1274, 1280, 1290 level.
Comment :
Negative regional market development lead FKLI to trade lower in moderate volume changed hand.
Hourly chart reading suggesting a side way range bound little downside biased.

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