Wednesday, September 22, 2010

20100922 1406 FKLI Mid Day Hourly Chart Study.

FKLI closed : 1482.5, changed : +4 points, volume : low.
Bollinger band reading : side way range bound little upside biased.
MACD Histrogram : weakening, buyer taking profit.
Support : 1470, 1458, 1445 level.
Resistant : 1500, 1530, 1550 level.
Comment :
5 points range market FKLI traded side way range bound after opened little higher to closed for lunch recorded minor gain. Daily chart shows that market opened and moved side way with lack of participation by both buyer and seller with a side way range bound little upside biased reading.

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