Wednesday, June 30, 2010

20100630 1300 FKLI Mid Day Hourly Chart Study.

FKLI closed(Jul Contract) : 1313 changed : -2 points, volume : moderate.
Bollinger band reading : side way correction downside biased.
MACD Histrogram : recovering, selling taking profit.
Support : 1310, 1300, 1290 level.
Resistant : 1318, 1325, 1330 level.
Comment :
Opened lower FKLI managed to recovered higher to register a minor drop during closing as profit taking activities take place pushing price to move upward in sustaining volume traded. Hourly chart showing a side way correction downside biased market.

No comments: