Monday, December 21, 2009

20091221 0825 FKLI Weekly Chart Study.



FKLI ended the week soar 4 points compare to last week closed. The weekly candle still closed above the middle Bollinger band with the band width continue to turn inward slowly = market like to trade side way range bound(yes I admit that I've being telling the same old side way market for weeks now huh... believe me, I wish it moves too). MACD Histrogram recorded a slightly weaker reading = seems like buyer interest toawards the market remained low. Again expecting a side way ranging market...=(   

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