Friday, September 3, 2010

20100903 1442 FKLI Mid Day Hourly Chart Study.

FKLI closed : 1438, changed : +1 point, volume : low.
Bollinger band reading : range bound little upside biased.
MACD Histrogram : reversed upward, buyer lock in profit.
Support : 1425, 1405, 1395 level.
Resistant : 1445, 1458, 1470 level.
Comment :
Lower volume transaction 6.5 points range FKLI closed 2 ticks higher opened higher and traded range bound the the whole morning. Hourly chart shows price move mostly along the middle Bollinger band level with the reading suggesting a range bound little upside biased market development.

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