Monday, December 7, 2009

20091207 1257 FKLI Mid Day Hourly Chart Study.




A patience challenge market taking place in the FKLI that range directionless with very thin volume traded. Price just hovering around the middle Bollinger band with the band width stay flat since morning = continue side way market. MACD Histrogram also remained nearly unchange around the zero line level = both buyer and seller still waiting for fresh lead and catalyst to enter the market. With major Asia market also traded mix, FKLI is likely to trade within the narrow Bollinger band.

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