Wednesday, September 29, 2010

20100929 1248 FKLI Mid Day Hourly Chart Study.

FKLI closed : 1462.5, changed : +10.5 points, volume : low.
Bollinger band reading : side way range bound.
MACD Histrogram : turned rising, buyer still at advantage.
Support : 1458, 1445, 1425 level.
Resistant : 1470, 1485, 1500 level.
Comment :
Higher overnight US market closed lead FKLI to opened and tested higher in low volume participation ended the first session recorded gain in sync with a positive regional market development. Hourly chart wise, market opened higher and hovering near middle Bollinger band level with the reading call for a side way range bound market testing support and resistant level.

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