Monday, August 23, 2010

20100823 1303 FKLI Mid Day Hourly Chart Study.

FKLI closed : 1398, changed : +8 points, volume : low.
Bollinger band reading : upside biased.
MACD Histrogram : weakenning, buyer defending and taking profit partially.
Support : 1395, 1385, 1375 level.
Resistant : 1405, 1425, 1445 level.
Comment :
Bullish FKLI opened and rallied higher again with average volume transacted taking another new high. Hourly chart shows price hovering around upper Bollinger band the reading still remained upside biased with possible downward pullback correction.

No comments: