Friday, June 18, 2010

20100618 1333 FKLI Mid Day Hourly Chart Study.

FKLI closed : 1315.5 changed : +2.5 points, volume : low.
Bollinger band reading : side way range bound little upside biased.
MACD Histrogram : weakening, buyer taking profit.
Support : 1310, 1300, 1290 level.
Resistant : 1318, 1325, 1330 level
Comment :
FKLI upward movement continue today tested higher level resistant level followed by profit taking activities press price to closed off the high registered a minor gain in less volume changed hand. Hourly chart outlook suggesting a side way range bound little upside biased market reading that is having correction currently after tested the higher level.

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