Tuesday, July 20, 2010

20100720 1300 FKLI Mid Day Hourly Chart Study.

FKLI closed : 1343 changed : +3 points, volume : low.
Bollinger band reading : upside biased.
MACD Histrogram : rising, buyer holding on.
Support : 1337, 1330, 1325 level.
Resistant : 1345, 1350, 1360 level.
Comment :
3 points higher FKLI continue its upward movement with slow volume traded but still move within the immediate support and resistant level. Hourly chart wide market opened little lower but decided to head north further with the reading call for an upside biased market development.

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