Wednesday, November 4, 2009

20091104 1255 FKLI Hourly Chart Study. Triple Bottom Formation.



Wow ! Sterioded FKLI traded higher 14.5 to closed at 1252 near the high and also doing premium against the cash market. Looking at the chart, all indicators also sending positive signal for FKLI to traded higher. Another interesting development will be a possible triple bottom break out formation. Lets see whether will the upward movement sustainable.