Friday, July 30, 2010

20100730 1821 FKLI Weekly Chart Study.

Weekly Close: 1356.5, High: 1363.5, Low: 1350.5, Range: 13 points.
FKLI closed : 1356.5, changed : +2.5 points, volume : higher.
Bollinger band reading : upside biased.
MACD Histrogram : rising higher, buyer still in charge.
Support : 1350, 1335, 1310 level.
Resistant : 1360, 1375, 1385 level.
Comment :
Recorded marginally week on week higher FKLI traded in tight range marker with improved encouraging volume transaction. Weekly chart wise, market traded range bound testing support and resistant level with the reading still suggesting a upside biased market development outlook.

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