Thursday, July 1, 2010

20100701 1328 FKLI Mid Day Hourly Chart Study.

FKLI closed : 1306.5 changed : -1.5 points, volume : moderate.
Bollinger band reading : side way range bound little downside biased.
MACD Histrogram : up and down, buyer and seller buliding position.
Support : 1300, 1290, 1280 level.
Resistant : 1310, 1318, 1325 level.
Comment :
First session slightly lower FKLI traded range bound in sustaining volume as both buyer and seller still building their respective position. Hourly chart reading suggest market is likely to trade side way range bound with a little downside biased.

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