Thursday, August 19, 2010

20100819 1256 FKLI Mid Day Hourly Chart Study.

FKLI closed : 1395, changed : +9.5 point, volume : high.
Bollinger band reading : upside biased.
MACD Histrogram : rising, buyer stayed on guard.
Support : 1385, 1375, 1360 level.
Resistant : 1395, 1405, 1425 level.
Comment :
Steroided FKLI registering 4th day of consecutive gained with high volume transaction changed hand in tandem with major Asian market exchange. Hourly chart shows market opened and continue to surge upward along with upper Bollinger band testing higher resistant level with the reading suggesting a upside biased market development and possible pullback correction.

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