Friday, June 11, 2010

20100611 1759 FKLI Weekly Chart Study.

Weekly Close: 1297, High: 1308.5, Low: 1272.
FKLI closed : 1297 changed : -2 points, volume : lower.
Bollinger band reading : side way range bound.
MACD Histrogram : continue lower, seller holding on.
Support : 1270, 1250, 1225 level.
Resistant : 1300, 1310, 1335 level.
Comment :
Deminishing volume FKLI closed marginally lower week on week after opened lower following buying activities lift price to recover near to last week close.
Weekly chart wise, reading continue to suggest a side way range bound market ahead with testing effort at support and resistant levels.

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