Wednesday, August 11, 2010

20100811 1457 FKLI Mid Day Hourly Chart Study.

FKLI last looked : 1353, changed : -3 points, volume : low.
Bollinger band reading : downside biased.
MACD Histrogram : recovering, buyer taking profit.
Support : 1350, 1345, 1337 level.
Resistant : 1360, 1375, 1385 level.
Comment :
FKLI continue to head south today as market opened lower and traded range bound within tight 5 points range market. Hourly chart wise, the reading suggesting range bound downside biased market development testing support level.

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