Tuesday, July 27, 2010

20100727 1309 FKLI Mid Day Hourly Chart Study.

FKLI closed : 1351.5, changed : -3.5 points, volume : high.
Bollinger band reading : side way rage bound little upside biased.
MACD Histrogram : fall lower, buyer taking profit.
Support : 1350, 1345, 1337 level.
Resistant : 1360, 1375, 1385 level.
Comment :
FKLI eased little lower in high volume transaction as buyer tempted to secure profit after market opened higher and push price to lower ground plus accelerating rollover activities. Hourly chart reading suggesting market to trade side way range bound little upside biased.

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