Thursday, July 22, 2010

20100722 1256 FKLI Mid Day Hourly Chart Study.

FKLI closed : 1339 changed : +5.5 points, volume : low.
Bollinger band reading : side way little downside biased.
MACD Histrogram : getting lower, buyer profit taking, seller testing market.
Support : 1337, 1330, 1325 level.
Resistant : 1345, 1350, 1360 level.
Comment :
Tiny volume tight range market FKLI ended the first session lower with much action by moving side ways through out the whole morning. Hourly chart reading suggesting a side way range bound little downside biased lack of participation market.

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