Wednesday, July 14, 2010

20100714 1328 FKLI Mid Day Hourly Chart Study.

FKLI closed : 1344.5 changed : +5.5 points, volume : high.
Bollinger band reading : upside biased.
MACD Histrogram : continue higher, buyer in charge.
Support : 1337, 1330, 1325 level.
Resistant : 1345, 1350, 1360 level.
Comment :
FKLI upwards momentum continue today and ended the first session better with sustaining volume traded. Market opened gap up and traded in 6 points range bound as buyer decide to lock in partial profit. Outlook wise, market still having a upside biased reading with possible pullback correction.

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