Wednesday, October 14, 2009

20091014 1358 FKLI Hourly Chart Study. Go The Distance.



FKLI reached another new high at 1248.5 in the morning session with supportive volume to closed 13.5 points higher at 1247.5. Trading along side with the upper Bollinger Band shows that the market is trading strong indeed. Bollinger Band width and MACD Histrogram also react accrodingly by expanding and rising up giving a supporting evidense to the market to edge up higher. However, hourly chart volume bar seems slowing down sending an alerting message to becareful. Party time for those who still holding their FKLI long position and please be reminded to trail your stop higher. 

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