Friday, October 8, 2010

20101008 1318 FKLI Mid Day Hourly Chart Study.

FKLI closed : 1482.5, changed : +1 point, volume : lower.
Bollinger band reading : side way range bound.
MACD Histrogram : getting lower, buyer defending as seller testing market.
Support : 1470, 1458, 1445 level.
Resistant : 1485, 1500, 1530 level.
Comment :
Tight 5.5 points range market FCPO edge u marginally higher with sleeping volume transaction as market seem struggling to determine its direction following a mixture development over regional market. Hourly chart continue to call for a tight ranging side way market development testing support and resistant level within the Bollinger upper lower band.

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