Tuesday, June 29, 2010

20100629 1431 FKLI Mid Day Hourly Chart Study.

FKLI closed : 1322 changed : -10 points, volume : moderate.
Bollinger band reading : side way range bound.
MACD Histrogram : getting lower, buyer closing position.
Support : 1318, 1310, 1300 level.
Resistant : 1325, 1330, 1337 level.
Comment :
Negative regional development sentiment spread into FKLI that traded the first session lower on moderate volume transaction. Hourly chart reading shows that market is likely to trade side way range bound testing market underlying strength.

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