Tuesday, November 3, 2009

20091103 1357 FKLI Hourly Chart Study.



The same goes to FKLI that's been ranging the whole morning in the range of 5 points to closed 1 point higher at 1246.5. Closing still above mid Bollinger band with Bollinger band width narrowing will take FKLI into range bound market. However, MACD Histrogram getting lower gratually with the last few candles topping tails show some weakness for the market to push up higher. Regionally, a very mixed view happening to the Asia market with Nikkei closed, Hang Seng down by 154 points and Shang Hai up 40 points.

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