Friday, June 25, 2010

20100625 1335 FKLI Mid Day Hourly Chart Study.

FKLI closed : 1319 changed : -2.5 points, volume : high.
Bollinger band reading : downside biased.
MACD Histrogram : turned lower, seller return.
Support : 1318, 1310, 1300 level.
Resistant : 1325, 1330, 1337 level.
Comment :
Better range and volume transaction FKLI ended the first session lower after opened lower but recovered followed by selling pressure press price to move downward again. Hourly chart reading suggesting a further downside biased potential market.

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