Wednesday, June 23, 2010

20100623 1315 FKLI Mid Day Hourly Chart Study.

FKLI closed : 1324 changed : -6 points, volume : low.
Bollinger band reading : side way downside biased.
MACD Histrogram : reversed upward, buyer taking profit continue.
Support : 1318, 1310, 1300 level.
Resistant : 1325, 1330, 1337 level.
Comment :
7 points range FKLI continue to trade weaker in light volume transaction after the Dow overnight negative closed. Hourly chart reading turned into side way downside biased reading after tested and succesfully penetrated 2 support levels.

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