Wednesday, November 25, 2009

20091125 1454 FKLI Mid Day Hourly Chart Study.



A narrow range trading rollover day for FKLI that closed the first session up 3 points at 1270.5 with high volume traded. At last looked market opened the second session higher above the middle Bollinger band with the band width stay nearly unchanged = market could possibly trade higher but with limited upside or stay side way. MACD Histrogram edged higher = buyers activities outnumber sellers. Immediate support at 1264.5 and resistant at 1274. Patience game ahead.

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