Wednesday, September 15, 2010

20100915 1455 FKLI Mid Day Hourly Chart Study.

FKLI last looked : 1475, changed : +3.5 points, volume : low.
Bollinger band reading : upside biased.
MACD Histrogram : getting lower, buyer taking profit.
Support : 1470, 1458, 1445 level.
Resistant : 1500, 1530, 1550 level.
Comment :
FKLI continue to surged higher and followed by profit taking activities pressed price to closed the first session off the high. Hourly chart shows that market currently having correction profit taking within an upside biased market reading.

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