Friday, July 2, 2010

20100702 1814 FKLI Weekly Chart Study.

Weekly Close: 1305.5, High: 1334.5, Low: 1301.
FKLI closed : 1305.5 changed : -19.5 points, volume : lower.
Bollinger band reading : side way range bound.
MACD Histrogram : turned lower again, seller returned for a rematch.
Support : 1300, 1270, 1250 level.
Resistant : 1310, 1335, 1350 level.
Comment :
FKLI registered a lower closed week on week with lesser volume traded with price closed below middle Bollinbger band level. Weekly chart outlook turned into a side way range bound reading testing support and resistant level.

No comments: